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Allison Baker Shealy talks with Bloomberg BNA on CFTC’s advisory on leniency for individuals

January 30, 2017

Allison Baker Shealy, member of the White Collar, Securities Enforcement, and Government Investigations practice group at Shulman Rogers, was quoted in the January 30, 2017 Bloomberg BNA article titled, “CFTC Outlines Benefits Of Cooperation in Enforcement Cases.”

A note from Allison:

The CFTC’s Division of Enforcement recently issued public guidance for both individuals and entities regarding credit given for cooperation.  Individuals and entities who discover activity that could potentially be in violation of the Commodity Exchange Act should consult with counsel as soon as possible and make an informed decision about whether and when to cooperate with the CFTC.  Cooperation is always a factor considered during settlement negotiations, but, as is clear from these advisories, starts at the beginning of the investigation.  These advisories are helpful in providing guidance to both attorneys and their clients as to what is expected throughout the course of an investigation in order to get as much credit for cooperation as possible.

 Read the full Bloomberg BNA article here.