US Regulator Pledges Harsher Punishment for Wall Street Misdeeds.

UNITED States. Commodity Futures Trading Commission; WALL Street (New York, N.Y.); PUNISHMENT

When US regulators, including the CFTC, agree to resolve cases, financial companies are often allowed to pay fines while not admitting to the government's allegations. Goldsmith Romero also asked the CFTC to reduce its reliance on agreements where a firm doesn't admit to misconduct, and to seek harsher penalties for firms that repeatedly are accused of breaking rules. (Bloomberg) -- Wall Street firms will soon face stiffer penalties for running afoul of US derivatives rules and more often admit their misconduct when settling with the Commodity Futures Trading Commission. [Extracted from the article]

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