The Desk: June 2026 Edition

In this month’s edition of The Desk we cover all the bases – sorry maybe I should make a hockey pun? Go Hurricanes! The Division of Enforcement dropped a new advisory on cooperation and announced further cooperation with the SEC. The DoE also continued to issue (and close out) enforcement actions. Additionally, we share our thoughts on the SEC’s proposed rule to permit semiannual reporting, delve into CME’s expected compute futures contracts and close with a discussion of the CFTC and NHL’s memorandum of understanding.

Enforcement Update

This month’s enforcement roundup covers five significant CFTC developments that demand immediate attention from registrants and market participants:

1. the Division of Enforcement’s new Cooperation Advisory, which replaces the prior framework with a clearer path to declinations;