Easing regulations? More accurately, it's leaving a few more cards on the table for settlement negotiations. The defendant can choose to acknowledge or deny later, making it even harder for retail investors to distinguish between true and false.

View Original
WuSaidBlockchainW
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)
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned