CFTC commissioner seeks more time for penalty cases
Bart Chilton to ask Congress for extension of current five-year statute of limitations
Commissioner Bart Chilton at the US Commodity Futures Trading Commission (CFTC) has told Operational Risk & Regulation he will call for Congress to extend the current five-year statute of limitations for bringing civil penalty claims in the US against financial organisations.
This follows a decision on February 27 by the US Supreme Court to reject efforts by the Securities and Exchange Commission
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