Lawyers are unsure why the US Commodity Futures Trading
Commission’s (CFTC) has made the decision to move
into the foreign bribery space.
For starters, it's already crowded, and has not
traditionally been a concern for the futures and options
Much to the market's surprise, the regulator has begun
enforcing acts that violate the Foreign Corrupt Practices Act
(FCPA), an area usually policed by the Securities and Exchange
Commission (SEC) and the Department of Justice (DoJ).
Speaking at the American Bar Association’s
National Institute on White Collar Crime in New Orleans this
month, CFTC director of enforcement James McDonald outlined the
changes regarding foreign bribery acts as set out in a new enforcement advisory.
"Companies and individuals engaging in foreign corrupt
practices should recognise that this sort of misconduct might
constitute fraud, manipulation, false reporting, or a number of
other types of violations under the Commodity Exchange