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Antitrust & Trade Reg.

Oct. 28, 2022

Receivership: preserving justice in financial fraud cases

Financial fraud is becoming a cost of doing business, with no real repercussion other than monetary loss to a defendant that can recoup their loss by continuing to engage in the unlawful business practice.

Financial fraud is a broad term that costs the United States billions of dollars annually. There are numerous state and federal agencies that regulate, prevent and punish financial fraud when necessary.

Most people are familiar with the Securities Exchange Commission (SEC). However, there are less commonly known Federal agencies such as the Commodities Future Trade Commission (CFTC). The CFTC is a federal agency formed by Congress in 1974. ...

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