The answer to this question depends on the nature of the request. Certain types of requests, such as administrative subpoenas and CIDs, are subject to judicial enforcement. This means that non-compliance can lead to sanctions and ultimately being held in contempt of court. However, the CFTC’s Division of Enforcement also relies heavily on informal requests for information—particularly during the early stages of its investigations. Compliance with these informal requests generally is not required, and investigation targets should make informed decisions about whether, and to what extent, they voluntarily comply.