[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: 17CFR8.09]

[Page 215]
 
              TITLE 17--COMMODITY AND SECURITIES EXCHANGES
 
             CHAPTER I--COMMODITY FUTURES TRADING COMMISSION
 
PART 8_EXCHANGE PROCEDURES FOR DISCIPLINARY, SUMMARY, AND MEMBERSHIP 
DENIAL ACTIONS--Table of Contents
 
                    Subpart B_Disciplinary Procedure
 
Sec.  8.09  Review of investigation report.

    The disciplinary committee shall promptly review each investigation 
report. In the event the disciplinary committee determines that 
additional investigation or evidence is needed, it shall promptly direct 
the enforcement staff to conduct its investigation further. Within a 
reasonable period of time not to exceed 30 days after the receipt of a 
completed investigation report, the disciplinary committee shall take 
one of the following actions:
    (a) If the disciplinary committee determines that no reasonable 
basis exists for finding a violation or that prosecution is otherwise 
unwarranted, it may direct that no further action be taken. Such 
determination must be in writing and contain a brief statement setting 
forth the reasons therefor.
    (b) If the disciplinary committee determines that a reasonable basis 
exists for finding a violation which should be adjudicated, it shall 
direct that the person alleged to have committed the violation be served 
with a notice of charges and shall proceed in accordance with the rules 
of this subpart.

(Approved by the Office of Management and Budget under control number 
3038-0022)

[43 FR 41950, Sept. 19, 1978, as amended at 46 FR 63036, Dec. 30, 1981]