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

CoinTelegraph·

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

60-second summary

The CFTC is rescinding its "no-deny" policy for settlements, allowing the agency to consider settlement offers from defendants that include admissions of wrongdoing. CFTC Chairman Mike Selig says this change gives the agency more flexibility when settling enforcement actions.

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