Regulatory Alerts2015-06-10 | 2015-14159Proceedings Before the Commodity Futures Trading Commission; Rules Relating to Suspension or Disbarment From Appearance and Practice
The Commodity Futures Trading Commission amends 17 CFR 14.8 to codify the standard for determining when an accountant has engaged in unethical or improper professional conduct. The amendment defines such conduct as intentional, knowing, or reckless violations of professional standards, as well as specific types of negligent conduct indicating a lack of competence. This change enhances transparency by aligning the CFTC's rules with the Securities and Exchange Commission's analogous regulations regarding accountant disbarment.
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