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The U.S. CFTC announced the abolition of the “no-admit” settlement policy that has been in effect since 1998. The policy previously required defendants, after reaching a settlement with the CFTC, not to publicly deny the regulatory allegations. CFTC Chairman Mike Selig said that eliminating the policy will give the agency greater flexibility in enforcement settlements. The change is consistent with the SEC’s repeal of a similar policy this May. The CFTC said that going forward, it will no longer enforce existing “no-admit” clauses, but it may still require defendants to admit specific facts or liability in some settlement cases. (Cointelegraph)