CFTC vows increased penalties for deterrence, repeat offenders

The Commodity Futures Trading Commission (CFTC) will consider increasing its enforcement penalties in certain cases to deter future violations of commodities law and punish repeat offenders.

Defendants should also no longer assume no-admit, no-deny resolutions are the default but will instead be a part of the negotiation.

The CFTC’s Division of Enforcement issued an enforcement advisory Tuesday stating the agency will assess “appropriate penalties” to deter misconduct, which “may result in the division recommending higher penalties in resolutions than may have been imposed in similar cases previously.”