The Commodity Futures Trading Commission issued a rule review of the CBOE Futures Exchange, Inc. for the period March 1, 2014, to February 28, 2015, that concluded that the exchange generally complied with its obligation to monitor and ensure compliance with its own rules and to protect market participants. Notwithstanding, the CFTC found three deficiencies which it said required corrective action: the exchange must ensure it has sufficient compliance department resources to complete investigations in a timely manner; it must complete all investigations in one year or less; and it must more effectively discuss with the National Futures Association, its third-party regulatory service provider, all ongoing investigations and matters of regulatory concern.
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CFTC’s Division of Market Oversight Highlights Compliance Department Resources Concern in CBOE Futures Rule Enforcement Review
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