ML-Implode News - CFTC Delays Cases, Shelves Probes, in Funding Squeeze

The J.P. Morgan case is an early example of the CFTC flexing enforcement muscles lawmakers gave it after the financial crisis. The 2010 Dodd-Frank Act is a "milestone" for the CFTC, giving the small agency a mandate to police the $400 trillion swaps market, as well as powers to pursue various types of market manipulation, Mr. Meister said.
The CFTC is "just starting to enforce" its 62 new rules under Dodd-Frank, covering everything from sales practices to risk management by big banks and other swaps dealers, he added.
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But can this enforcement pace be sustained? The volume of cases already has slackened: The agency in the 12 months to Sept. 30 filed 82 enforcement actions, down a fifth compared with the previous year. And "serious budget challenges" are causing delays and other problems, Mr. Meister said.

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CFTC Delays Cases, Shelves Probes, in Funding Squeeze