PRESS RELEASE
16 April 2025

Carl Kennedy Discusses Industry Reactions To CFTC's Settlement Initiative

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Katten Muchin Rosenman LLP

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Katten is a firm of first choice for clients seeking sophisticated, high-value legal services globally. Our nationally and internationally recognized practices include corporate, financial markets and funds, insolvency and restructuring, intellectual property, litigation, real estate, structured finance and securitization, transactional tax planning, private credit and private wealth.
Partner and Financial Markets and Regulation Co-Chair Carl Kennedy spoke with Bloomberg Law on a recent initiative by the Commodity Futures Trading Commission...
United States

Partner and Financial Markets and Regulation Co-Chair Carl Kennedy spoke with Bloomberg Law on a recent initiative by the Commodity Futures Trading Commission (CFTC) to resolve low-stakes enforcement cases. Acting Chairman Caroline Pham offered firms a chance to settle cases that did not involve market abuse or customer harm, with a two-week window to propose "reasonable" offers. This initiative, referred to as an enforcement "sprint," generated significant interest among firms, though some were skeptical about its implementation. Carl noted the mixed reactions, "There was excitement about the intention and skepticism in practice about how it would play out."

"Nearly 24 Firms Seek Deal With CFTC to Settle Enforcement Cases," Bloomberg Law, April 10, 2025

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Contributor

Katten is a firm of first choice for clients seeking sophisticated, high-value legal services globally. Our nationally and internationally recognized practices include corporate, financial markets and funds, insolvency and restructuring, intellectual property, litigation, real estate, structured finance and securitization, transactional tax planning, private credit and private wealth.

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