Regulatory Alerts2014-10-23 | 2014-25194Proceedings Before the Commodity Futures Trading Commission; Rules Relating to Suspension or Disbarment From Appearance and Practice
The Commodity Futures Trading Commission proposes to amend 17 CFR Part 14 to clarify the standard for denying accountants the privilege of appearing or practicing before the agency. The amendment defines 'unethical or improper professional conduct' by incorporating standards for intentional, reckless, and specific types of negligent violations of professional accounting standards. This codification aims to enhance market integrity and provide clear notice of conduct expectations without imposing new substantive burdens on the accounting profession.
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