CFTC to Give Firms a Month to Respond to Enforcement Warnings

The US derivatives regulator is giving firms more time to defend themselves when they are targeted with enforcement actions.

Companies and individuals in the crosshairs of the US Commodity Futures Trading Commission will have 30 days to respond to formal enforcement notices instead of 14, among other revisions to the agency’s processes, CFTC Acting Chairman Caroline Pham said Monday.

“The Commission must be an objective finder of fact and neutral arbiter of law that respects the Constitution and Constitutional rights,” Pham said in a statement announcing the updated agency rules. “There must be no bias in the administration of justice ...