Summary
This regulation establishes ethical standards for Commodity Futures Trading Commission (CFTC) employees, supplementing general executive branch ethics rules. It encourages teaching, speaking, writing, and pro bono legal assistance while prohibiting outside employment involving advice on CFTC-related matters (legal, accounting, economic, agricultural, mining, foreign currency, commodity markets), court appearances in CFTC matters, and employment with regulated entities. It requires prior approval for outside activities and court appearances.
Reason
Deleting this regulation would increase risks of conflicts of interest and regulatory capture, as CFTC employees could advise or work for entities they regulate without adequate oversight, undermining market integrity and public trust. The regulation's targeted prohibitions and approval process are necessary to prevent unseen harms like biased decision-making and erosion of fair competition in derivatives markets.