By Adrianne Appel2025-09-08T14:27:00
BNY, Citigroup, Santander, UBS, and two other financial institutions paid a total of $8.3 million to settle separate compliance violations with the Commodity Futures Trading Commission (CFTC), which was eager to quickly clear the cases so it could move on to more serious fraud investigations, Acting CFTC Chairman Caroline Pham announced.
Under the CFTC’s “enforcement sprint,” which Pham announced in March, eligible firms were able to propose their own remediation plans and reasonable settlement offers for violations such as record-keeping, off-channel communications, and reporting.
2025-02-05T17:24:00Z By Aaron Nicodemus
The Commodity Futures Trading Commission’s enforcement division will end the practice of “regulation by enforcement,” according to Acting Chair Caroline Pham.
2024-08-29T16:09:00Z By Adrianne Appel
The Commodities Futures Trading Commission 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.
2024-08-20T15:26:00Z By Aaron Nicodemus
Caroline Pham, a commissioner on the Commodity Futures Trading Commission, criticized the agency’s policy on credit for self-reporting violations as a “bait-and-switch.”
2025-09-05T18:10:00Z By Aaron Nicodemus
Deutsche Bank has agreed to pay a $3 million fine and has returned $5 million in fee overcharges to customers as part of a resolution with Hong Kong’s financial services regulator.
2025-09-04T17:31:00Z By Adrianne Appel
The majority owner of a Pennsylvania investment firm faces 100 years of prison time and huge fines for allegedly running a $770 million Ponzi scheme centered on an ATM company he also owned.
2025-09-03T17:43:00Z By Adrianne Appel
The Federal Trade Commission (FTC) proposed an enforcement action against Disney for allegedly collecting personal information about children, and then threw salt in the wound by calling the company out in an alert emailed to an untold number of businesses.
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