CFTC Staff Issues No-Action Letter Regarding CPO Registration for Certain SEC-Registered Investment Advisers Registration / supervisory violation

CFTC release 9160-25 · 2025-12-19 · view on cftc.gov ↗

Key facts

Release number: 9160-25
Release date: 2025-12-19
Type: Registration / supervisory violation
Primary source: https://www.cftc.gov/PressRoom/PressReleases/9160-25

About CFTC enforcement

The CFTC charges market participants under the Commodity Exchange Act for spoofing, manipulation, fraud, wash trades, registration violations, and commodity-pool-operator misconduct. Most actions settle with restitution + civil money penalty + a bar/suspension. Crypto-asset cases have been a major share since 2019.