On Sept. 25, 2017, the Program on Corporate Compliance and Enforcement and the Institute for Corporate Governance and Finance at New York University School of Law hosted a policy speech by James McDonald, Director of the Division of Enforcement, United States Commodity Futures Trading Commission (CFTC). Mr. McDonald presented the CFTC’s new self-reporting and cooperation policy.  The new policy was originally announced in January 2017 and is the first update to the CFTC’s cooperation guidelines since 2007.  The new policy is a by-product of CFTC’s recognition of its limited enforcement resources and the belief that self-reporting incentives will strengthen CFTC’s ability to efficiently investigate misconduct and combat fraud.

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Photo of William Mack William Mack

William B. Mack is a co-chair of the Financial Regulatory and Compliance Practice. He is experienced in advising companies on regulatory and compliance matters relating to the Securities and Exchange Commission regulations, the Exchange Act, Anti-Money Laundering laws and Financial Industry Regulatory Authority

William B. Mack is a co-chair of the Financial Regulatory and Compliance Practice. He is experienced in advising companies on regulatory and compliance matters relating to the Securities and Exchange Commission regulations, the Exchange Act, Anti-Money Laundering laws and Financial Industry Regulatory Authority (FINRA) rules.

William’s practice involves all aspects of broker-dealer regulation, including Self-Regulatory Organization (SRO) membership, supervision, employment, research, soft dollar arrangements, chaperoning of foreign broker-dealers, social media, use of foreign finders, anti-money laundering rules, alternative trading systems (ATS), exchanges, and market making issues. He also provides regulatory guidance to investment banking clients in connection with securities offerings and related trading issues.

Photo of Jeffry M. Henderson Jeffry M. Henderson

Jeffry M. Henderson focuses his practice on a wide variety of compliance, regulatory, litigation and managed fund matters. In the areas of futures, derivatives, forex and securities issues, he advises a broad range of clients: broker-dealers, investment advisers, introducing brokers, futures commission merchants,

Jeffry M. Henderson focuses his practice on a wide variety of compliance, regulatory, litigation and managed fund matters. In the areas of futures, derivatives, forex and securities issues, he advises a broad range of clients: broker-dealers, investment advisers, introducing brokers, futures commission merchants, forex dealer members, commodity pool operators, commodity trading advisors and hedge fund managers. Jeffry also counsels proprietary trading firms and exempt investment managers regarding disclosure, regulatory and enforcement matters. He is also routinely involved in regulatory work and defending member firms before the SEC, CFTC, NFA and FINRA.

His industry experience began on the floor at Chicago Board of Trade and subsequently as general counsel for a publicly-traded futures commission merchant.