The Commodity Futures Trading Commission has amended its rules to increase the maximum civil monetary penalties that may be assessed for violations of the Commodity Exchange Act (CEA) and CFTC rules thereunder. The CFTC amendments, which were not proposed for public comment, raise the maximum civil monetary penalty that may be assessed (i) pursuant to Section 6c or 6(c) of the CEA (relating to violations of the CEA or CFTC rules by CFTC registrants and market participants), to the greater of $140,000 (previously $130,000) or triple the monetary gain for such violation, and (ii) pursuant to Section 6b of the CEA (relating to violations of the CEA or CFTC rules by exchanges and other “registered entities”), to the greater of $675,000 (previously $625,000) or triple the monetary gain for such violation. These increases are intended to adjust the maximum penalties to account for inflation and will apply to violations occurring on or after October 23, 2008. The CFTC amendments also implement the higher maximum penalties established by Congress for actual or attempted manipulation in violation of Section 6(c), 6(d) or 9(a)(2) of the CEA, with each such violation committed on or after May 22, 2008, being subject to a maximum penaltyof $1,000,000 or triple the monetary gain for such violation.

http://www.cftc.gov/stellent/groups/public/@lrfederalregister/documents/file/e8-23417a.pdf