CFTC to Curtail Fines for Alleged Wrongdoers Who Cooperate (1)

The US Commodity Futures Trading Commission will formally evaluate how companies or individuals accused of wrongdoing cooperate or self-report before levying fines, the latest signal the derivatives regulator is shifting its approach to enforcement.

The new advisory intends to create “meaningful incentives for firms to come forward and get cases resolved faster with reasonable penalties,” CFTC Acting Chairman Caroline Pham said in a statement Tuesday.

Pham said the measure also allows the agency to comply with a Trump administration executive order to roll back regulations perceived by the White House as overly “burdensome.”

Financial regulators often cite company cooperation or ...