The CFTC has finally learned from the SEC and is no longer forcing confidentiality in settlements; defendants can at least voice their grievances twice. There's more flexibility now, but what about market transparency?

The US CFTC announced the abolition of the settlement "no-admit" policy implemented since 1998. The policy previously required defendants to not publicly deny regulatory allegations after reaching a settlement with the CFTC. CFTC Chairman Mike Selig stated that abolishing the policy will give the agency greater flexibility in enforcement settlements. This adjustment aligns with the SEC's similar policy removal in May of this year. The CFTC said that it will no longer enforce the existing "no-admit" clauses in future cases, but defendants may still be required to admit specific facts or responsibilities in some settlement cases. (Cointelegraph)