[Code of Federal Regulations]
[Title 17, Volume 1]
[Revised as of April 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 17CFR11.2]

[Page 262-263]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 11_RULES RELATING TO INVESTIGATIONS--Table of Contents
 
Sec.  11.2  Authority to conduct investigations.

    (a) The Director of the Division of Enforcement and members of the 
Commission staff acting pursuant to his authority and under his 
direction may conduct such investigations as he

[[Page 263]]

deems appropriate to determine whether any persons have violated, are 
violating, or are about to violate the provisions of the Commodity 
Exchange Act, as amended, or the rules, regulations or orders adopted by 
the Commission pursuant to that Act, or, in accordance with the 
provisions of section 12(f) of the Act, whether any persons have 
violated, are violating or are about to violate the laws, rules or 
regulations relating to futures or options matters administered or 
enforced by a foreign futures authority, or whether an applicant for 
registration or designation meets the requisite statutory criteria. For 
this purpose, the Director may obtain evidence through voluntary 
statements and submissions, through exercise of inspection powers over 
boards of trade, reporting traders, and persons required by law to 
register with the Commission, or when authorized by order of the 
Commission, through the issuance of subpoenas. The Director shall report 
to the Commission the results of his investigations and recommend to the 
Commission such enforcement action as he deems appropriate. In 
particular matters the Director of the Division of Clearing and 
Intermediary Oversight and the Chief Economist and Director of the 
Division of Market Oversight, and members of their staffs acting within 
the scope of their respective responsibilities, are also authorized to 
investigate, report and recommend to the Commission in accordance with 
these rules.
    (b) The Commission hereby delegates, until the Commission orders 
otherwise, to its Regional Directors and to the Director, the Deputy 
Directors, the Program Coordinator, the Chief Counsel, the Associate 
Directors, and the Regional Counsel of the Division of Enforcement the 
authority to grant to any employee of the Division of Enforcement all or 
a portion of the authority which the Commission, by order, has 
authorized specified employees of the Commission to perform in 
connection with a Commission investigation conducted by the Division of 
Enforcement. With the approval of the Executive Director, the Director 
of the Division of Enforcement may also grant such authority to any 
Commission employee under the direction of the Executive Director.

(Secs. 2a(11) and 6(b) of the Act, 7 U.S.C. 4a(j) and 15 (1976), as 
amended by the Futures Trading Act of 1978, Pub. L. 95-405, sec. 13, 92 
Stat. 871 (1978))

[41 FR 29799, July 19, 1976, as amended at 43 FR 55348, Nov. 28, 1978; 
60 FR 54802, Oct. 26, 1995; 61 FR 1709, Jan. 23, 1996; 62 FR 17702, Apr. 
11, 1997; 63 FR 5233, Feb. 2, 1998; 67 FR 62352, Oct. 7, 2002]