The Commodities Futures Trading Commission (CFTC) fined TOTSA TotalEnergies Trading $48 million for allegedly engaging in price manipulation, with Commissioner Carolyn Pham defending a compliance officer at the Swiss energy company accused of making false statements.

Commissioner Carolyn Pham dissented from the CFTC arguing the agency overreached, especially by accusing a TOTSA compliance officer of deception, she said in a statement Tuesday.

Adrianne Appel writes regulatory news, policy, and trends for Compliance Week. She previously reported about policy developments for Bloomberg Law and Bloomberg Government. Email: adrianne.appel@complianceweek.com LinkedIn:...