Ex-CFTC Official Says Parallel Proceedings Will Increase

Law360, New York (November 19, 2013, 3:39 PM EST) -- Parallel civil and criminal cases targeting financial crime will likely rise in the coming years, but their expansion faces some limitations, the recently departed enforcement chief of the U.S. Commodity Futures Trading Commission told banking officials during a New York conference Tuesday.

Such side-by-side actions, while becoming more common, are often limited by restrictions on information sharing and the debilitating effects of federal budget cuts, as well as the unique missions of market regulators and criminal prosecutors, David Meister, a former Skadden Arps Slate Meagher &...
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