Tag Archives: Ian McGinley

Looking Back at Fall 2023 PCCE Events: CFTC Enforcement Director Announces Updates to the CFTC’s Enforcement Policies

As we prepare for a full schedule of events in 2024, starting with an event on Voluntary Self-Disclosure Policy for Export Controls Violations on January 16, 2024, the NYU School of Law Program on Corporate Compliance and Enforcement (PCCE) is taking a moment to reflect on our busy Fall 2023 program. In this post, we review our October 17, 2023 event featuring a corporate and individual enforcement policy announcement by the CFTC’s Director of Enforcement.

Ian McGinley, CFTC Director of Enforcement (©Myaskovsky: Courtesy of NYU Photo Bureau)

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Former CFTC Enforcement Officials Comment on the CFTC’s New Enforcement Advisory

Left to Right: Panelists David Meister, Douglas Yatter, Elizabeth Davis, Jennifer Arlen (moderator), and James McDonald (©Myaskovsky: Courtesy of NYU Photo Bureau)

On October 17, 2023, the NYU Law Program on Corporate Compliance and Enforcement (PCCE) hosted Ian McGinley, the Director of Enforcement for the Commodity Futures Trading Commission (CFTC), to announce updated enforcement guidance to CFTC staff on penalties, monitors, and admissions. Director McGinley’s remarks (available here) were followed by a fireside chat and moderated Q&A with questions from the audience, and later by a moderated panel of former CFTC enforcement directors and senior enforcement counsel. The updated staff guidance is available here. In this post, the panelists from the event offer additional commentary on the guidance.

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Remarks of Enforcement Director Ian McGinley at the New York University School of Law Program on Corporate Compliance and Enforcement: “The Right Touch: Updated Guidance on Penalties, Monitors, and Admissions”

Editor’s Note: On October 17, 2023, the NYU Law Program on Corporate Compliance and Enforcement (PCCE) hosted Ian McGinley, the Director of Enforcement for the Commodity Futures Trading Commission (CFTC) to announce updated enforcement guidance to CFTC staff on penalties, monitors, and admissions. Director McGinley’s remarks were followed by a fireside chat and moderated Q&A with questions from the audience, and later by a moderated panel of former CFTC enforcement directors and senior enforcement counsel. The updated staff guidance is available here.

by Ian McGinley

Photos of the authors Thank you for that introduction, Professor Arlen. It is an honor to make this announcement as part of NYU’s Program on Corporate Compliance and Enforcement, one of the marquee programs in the world on these topics. I’m also delighted to be back at NYU Law School, my alma mater. As a student, I frequently attended the incredible events in Lipton Hall, often sitting in the back row. So, it’s quite a thrill to move from the nosebleeds to the podium.

Since I joined the CFTC as the Director of Enforcement, I’ve had the pleasure of getting to know a group of people whose reputation preceded it. From outside the CFTC, my observation had always been that the Division—under the leadership of numerous former Directors that are here tonight—worked aggressively to protect the public and ensure the integrity of markets.

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