Eleanor Terrett (@EleanorTerrett): 🚨SCOOP: The @CFTC is set to imminently announce a restructuring of its enforcement division in an effort to end the practice of so-called regulation b…

🚨SCOOP: The @CFTC is set to imminently announce a restructuring of its enforcement division in an effort to end the practice of so-called regulation by enforcement and better utilize agency resources to prevent fraud, manipulation and abuse and ensure market integrity. Previous enforcement task forces will now be simplified into two new task forces called the Complex Fraud Task Force and the Retail Fraud and General Enforcement Task Force. The Complex Fraud Task Force will be responsible for all preliminary inquiries, investigations, and litigations relating to complex fraud and manipulation across all asset classes. The Acting Chief will be Deputy Director Paul Hayeck. The Retail Fraud and General Enforcement Task Force will focus on retail fraud and handle general enforcement matters involving other violations of the Commodity Exchange Act. The Acting Chief will be Deputy Director Charles Marvine. According to a CFTC press official, the streamlining is also designed to prevent agency overreach and enhance consistency, fairness and due process.