The Commodity Futures Trading Commission has exclusive jurisdiction to regulate futures transactions and police fraud and manipulation in the commodities markets. Its Division of Enforcement, which maintains offices in Washington, D.C., New York, Kansas City, and Chicago, is organized into two task forces: a Complex Fraud and Manipulation Task Force and a Retail Fraud and General Enforcement Task Force.
Enforcement matters originate from a variety of sources, including whistleblower tips, self-reporting, referrals from the National Futures Association and other self-regulatory organizations, counterparty and competitor referrals, surveillance and data analysis, suspicious activity reports, and cooperative enforcement with other agencies. Notably, approximately 40 percent of enforcement actions involve a whistleblower, and the CFTC has recovered over $3.2 billion from whistleblower-related cases.
