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