Nearly 24 Firms Seek Deal With CFTC to Settle Enforcement Cases

Almost two dozen firms have tried to strike deals with the US derivatives regulator to resolve low-stakes enforcement cases, according to an agency statement, after acting Chairman Caroline Pham made an unusual settlement offer last month.

The US Commodity Futures Trading Commission initiative provided “the opportunity to bring closure and clarity to firms in a timely manner while freeing up agency resources to focus on catching fraudsters and scammers and helping victims,” the regulator said in a release this week.

The CFTC didn’t respond to requests seeking details about the types of cases or the firms that have approached the ...