Regulatory Alerts2016-06-27 | 2016-15078Adjustment of Civil Monetary Penalties for Inflation
The Commodity Futures Trading Commission issued an interim final rule to update the maximum civil monetary penalties for violations of the Commodity Exchange Act and its regulations to reflect inflation. Implementing the Federal Civil Penalties Inflation Adjustment Act Improvements Act of 2015, the amendment raises penalty caps to amounts such as $152,243 for non-manipulation violations and $1,098,190 for manipulation violations. These adjusted penalty levels become effective on August 1, 2016, and will apply to all enforcement proceedings initiated on or after that date, with subsequent annual inflation adjustments mandated going forward.
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