CFTC follows SEC in scrapping ‘no-deny’ policy for settlements

CFTC follows SEC in scrapping ‘no-deny’ policy for settlements

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Categories: Regulation Legal Policy

The Commodity Futures Trading Commission (CFTC) has announced the rescission of its 'no-deny' policy for settlements, mirroring a previous move by the SEC. CFTC Chairman Mike Selig indicated that this change will grant the agency increased flexibility in resolving enforcement actions and settlements, potentially impacting future regulatory proceedings within the financial and commodity markets.

CFTC follows SEC in scrapping ‘no-deny’ policy for settlements

CFTC Chairman Mike Selig says the rescission of its “no-deny” policy means it now has more flexibility when settling enforcement actions.