Clifford Chance

CFTC Issues New Enforcement Advisory on Self-Reporting, Cooperation, and Remediation

March 5, 2025

On February 25, 2025, the Division of Enforcement of the U.S. Commodity Futures Trading Commission (“CFTC”) released a new Enforcement Advisory (“Advisory”) that provides comprehensive guidance on self-reporting, cooperation, and remediation. This Advisory replaces various self-reporting and cooperation advisories previously released by the CFTC. Unlike those prior releases, the Advisory for the first time assigns concrete percentages by which penalties will be reduced for various levels of cooperation and self-reporting. 

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