CFTC Open to ‘Reasonable’ Offers to Settle Compliance Violations

The US derivatives regulator is giving firms in its crosshairs two weeks to submit “reasonable” offers to settle certain enforcement cases, the latest sign of a softer Trump-era approach to policing the commodities market.

Eligible cases include allegations of compliance violations, such as recordkeeping failures, Caroline Pham, acting chairman of the US Commodity Futures Trading Commission, told attendees of a conference in Florida. Cases involving fraud and market abuse won’t qualify, she said.

“We will be looking to expeditiously resolve these in order to conserve the division’s resources and free up our resources in order to pursue fraudsters, ...