Why The CFTC's New Use Of NPAs Is Significant

By Rachel Cannon and Kristina Liu (July 31, 2017, 10:51 AM EDT) -- The U.S. Commodity Futures Trading Commission recently announced its first-ever use of nonprosecution agreements.[1] The agreements were reached in a spoofing case that helped secure a $25 million fine against Citigroup and two of its traders.[2] Why is the CFTC's new use of NPAs significant, and what can we expect to see from the regulator moving forward? First and foremost, we can expect to see the CFTC bring more circumstantial cases, including cases the regulator would have shied away from historically....

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