CFTC's Miller: Tougher Enforcement, Fairer Rules

0:00On April 1st, the commodity futures trading commissions new enforcement director David Miller just dropped his game plan for cracking down on market cheats. He's zeroing in on insider trading and prediction markets, energy market manipulation, spoofing and straight up money laundering violations. This comes right after he stepped into the role earlier this month. Lately, eyes have been on some suspiciously timed trades that hit big right before major policy droughts from President Donald Trump. Those moves raked in serious cash for unknown players. Meanwhile, the CFTC is battling state regulators over event contracts, those bets on yes or no outcomes for real world stuff. Miller insists their swaps, not gambling, so insider trading rules apply. Critics have slammed the old CFTC style as regulation by enforcement, hitting folks hard without much warning. Miller is pushing back on that, saying it's time for a shift that rewards those who play ball early. Now, they're wrapping up incentives for full cooperation and probes.

1:02If you jump in robustly and fix issues, even mid-investigation, you could slash your penalties. Cooperation is all or nothing, no half measures. As the CFTC rolls out this tougher, fairer approach, markets are watching close to see how it shakes out in the months ahead. I'm Cory with the story, and you've been listening to US News today, AI-powered national coverage.