COMMODITY FUTURES TRADING COMMISSION ISSUES RULE: RESCISSION OF POLICY RELATING TO THE ACCEPTANCE OF SETTLEMENTS IN ADMINISTRATIVE AND CIVIL PROCEEDINGS

WASHINGTON, June 8 -- Commodity Futures Trading Commission has issued a rule called: Rescission of Policy Relating to the Acceptance of Settlements in Administrative and Civil Proceedings.

The rule was published in the Federal Register on June 8 by Christopher Kirkpatrick, Secretary of the Commission.

Summary: The Commodity Futures Trading Commission ("CFTC" or "Commission") is rescinding a policy contained in an appendix to its regulations concerning acceptance of settlements in administrative and civil proceedings. This policy is commonly understood to limit a respondent's or defendant's ability to deny allegations following settlement.

For more information, contact Stephen Andrews, Deputy General Counsel for Regulation, sdandrews@cftc...