Financial services firm Tower Research Capital will pay a combined $67.4 million in settlements with the Department of Justice and the Commodity Futures Trading Commission to resolve criminal charges related to a scheme involving thousands of instances of unlawful trading activity in U.S. commodities markets by three former traders.

Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...