U.S. Derivatives Regulator Plans Tougher Enforcement Approach

The CFTC said it intends to crack down in particular on recidivist firms

CFTC enforcement head Ian McGinley, shown earlier this year, said Tuesday, “At the end of the day, the penalties need to exceed the costs of compliance.

”Commodity Futures Trading Commission enforcers intend to push for heavier fines, particularly on repeat offenders, and will increasingly eschew settlements that allow firms to avoid admitting fault, the financial regulator’s enforcement unit said Tuesday.This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

WSJ /  🏆 98. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tesla says US should adopt tougher fuel efficiency rulesTesla says US should adopt tougher fuel efficiency rules
Read more »

Tesla urges US to adopt much tougher fuel efficiency rulesElectric vehicle manufacturer Tesla (TSLA.O) on Tuesday urged the Biden administration to finalize much tougher fuel economy standards through 2032 than U.S. regulators have proposed.
Read more »

Senate Republicans demand tougher stance on Iran following Hamas attack on IsraelAs Israeli troops prepare for a potential ground war in Gaza, there is a new threat from Iran.
Read more »

Tesla to recall nearly 55,000 Model X vehicles, auto regulator saysThe U.S. auto regulator on Tuesday said Tesla (TSLA.O) will recall 54,676 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low brake fluid and not display a warning light.
Read more »

Beetlejuice 2: The Sequel That Refuses to DieA Beetlejuice sequel has proven tougher to conjure up than Michael Keaton's rambunctious spirit.
Read more »

South Korean regulator outlines steps to enhance digital asset legislationLee Bok-hyeon, head of South Korea’s Financial Supervisory Service, discussed measures underway to enhance the country’s Virtual Asset Users Protection Act at a recent audit.
Read more »