17 CFR § 38.708 - Decisions.

---
identifier: "/us/cfr/t17/s38.708"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "17 CFR § 38.708 - Decisions."
title_number: 17
title_name: "Commodity and Securities Exchanges"
section_number: "38.708"
section_name: "Decisions."
chapter_name: "COMMODITY FUTURES TRADING COMMISSION"
part_number: "38"
part_name: "DESIGNATED CONTRACT MARKETS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "7 U.S.C. 1a, 2, 6, 6a, 6c, 6d, 6e, 6f, 6g, 6i, 6j, 6k, 6l, 6m, 6n, 7, 7a-2, 7b, 7b-1, 7b-3, 8, 9, 15, and 21, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, Pub. L. 111-203, 124 Stat. 1376."
regulatory_source: "66 FR 42277, Aug. 10, 2001, unless otherwise noted."
cfr_part: "38"
---


# 38.708 Decisions.

Promptly following a hearing conducted in accordance with § 38.707 of this part, the disciplinary panel must render a written decision based upon the weight of the evidence contained in the record of the proceeding and must provide a copy to the respondent. The decision must include:

(a) The notice of charges or a summary of the charges;

(b) The answer, if any, or a summary of the answer;

(c) A summary of the evidence produced at the hearing or, where appropriate, incorporation by reference of the investigation report;

(d) A statement of findings and conclusions with respect to each charge, and a complete explanation of the evidentiary and other basis for such findings and conclusions with respect to each charge;

(e) An indication of each specific rule that the respondent was found to have violated; and

(f) A declaration of all sanctions imposed against the respondent, including the basis for such sanctions and the effective date of such sanctions.