US CFTC Agent Chairman: CFTC no longer implements law enforcement supervision

Panews February 5th news, according to CoinDesk, Caroline Pham, Agent Chairman of the American Commodity Futures Commission (CFTC), said on Tuesday that the regulatory agency has reorganized its law enforcement department to "re -focus" to fight fraud, and "stop through law enforcement through law enforcement. Supervision. "

Under the leadership of CFTC Chairman Rostin Behnam, CFTC's law enforcement department has multiple working groups, including a working group focusing on insider trading, a working group focusing on network security and emerging technologies, and a designed to combat the environment Fraud working group. The reorganization reduced the number of working groups to two. The newly established "complex fraud work group" is responsible for handling law enforcement work in all asset categories, from preliminary investigation to litigation. Paul Hayeck, deputy director of the law enforcement department, will serve as an agent in charge of the complex fraud working group. The "retail fraud and general law enforcement work group" will be responsible for handling retail fraud and general law enforcement affairs, and the leader of Charles Marvine, who is also the deputy director of the law enforcement department.

Pham said in a press statement: "This simplified structure will stop supervising through law enforcement and improve efficiency. These urgent reforms will maximize the resources of CFTC to take more action to combat fraud and other bad behaviors. Instead of punishing law -abiding citizens. "According to the announcement of CFTC, the new structure will" more effective use of CFTC resources to prevent fraud, manipulation and abuse, and ensure market integrity. " , To prevent excessive enforcement and enhance consistency, fairness and legitimate procedures.