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CFTC Enforcement Chief Bemoans Lack Of In-House Judges
Law360, October 16, 2015
CFTC Enforcement Chief Bemoans Lack Of In-House Judges
The top enforcement attorney at the U.S. Commodity Futures Trading Commission on Friday said he is disappointed his agency has not yet been able to reopen its in-house court to try cases, and he blamed the delay on the brouhaha over the U.S. Securities and Exchange Commission’s tribunal. Speaking at a New York City Bar Association event, CFTC enforcement chief Aitan Goelman said he is all in favor of having an administrative court of his own. Doing so, he said, would help his division avoid some of the “scorched earth” tactics that come with litigating a case in district court, while also giving the commission an opportunity to opine on the complex laws of the futures market.
