Forbes Reporter: The CFTC is about to announce a restructuring of its enforcement department, in order to end the so-called "enforcement-style regulation" approach

Forbes reporter Eleanor Terrett posted on the X platform that the U.S. Commodity Futures Trading Commission (CFTC) is about to announce a restructuring of its enforcement department, in order to end so-called "enforcement-style regulation" practices and better utilize agency resources to prevent fraud, manipulation, and abuse, ensuring market integrity. The previous special enforcement task forces will be simplified into two new special task forces, respectively called the Complex Fraud Special Task Force and Retail Fraud and General Enforcement Special Task Force. The Complex Fraud Special Task Force will be responsible for preliminary investigations, investigations and litigation related to complex frauds and manipulations associated with all asset categories. The interim head of this task force will be Deputy Director Paul Hayeck. The Retail Fraud and General Enforcement Special Task Force will focus on retail frauds and handle general law enforcement affairs involving other violations of the Commodity Exchange Act. The interim head of this task force will be Deputy Director Charles Marvine. According to CFTC news officials, this streamlining also aims at preventing excessive intervention by agencies while enhancing consistency, fairness, and due process.