By Aaron Nicodemus2025-02-05T17:24:00
The Commodity Futures Trading Commission’s (CFTC) enforcement division will end the practice of “regulation by enforcement,” according to Acting Chair Caroline Pham.
Pham, a former compliance officer in the financial services industry who was named to lead the CFTC by President Donald Trump on Jan. 20, announced Tuesday the reorganization and consolidation of task forces under the CFTC’s Division of Enforcement. As a Republican, Pham has long been critical of what she called the agency’s practice of “regulation by enforcement” under the Democratic leadership.
After the CFTC fined Goldman Sachs $5.5 million in August 2023 for recordkeeping failures, Pham called the enforcement action “wrong” and “fundamentally unfair, unjust,” in a dissenting statement.
2025-09-08T14:27:00Z By Adrianne Appel
BNY, Citigroup, Santander, UBS, and two other financial institutions paid a total of $8.3M to settle separate compliance violations with the CFTC.
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.”
2025-09-15T16:47:00Z By Ruth Prickett
You can already buy a coffee with your phone, but soon you could start a job or buy a house with it. Digital compliance wallets holding certificates and documents on smartphones are gaining traction worldwide.
2025-09-10T23:26:00Z By Ruth Prickett
Delays to the U.K.’s Audit Reform and Corporate Governance Bill and creation of the ARGA regulator have sparked criticism. On Sept. 8, 66 MPs sent a letter to the Prime Minister urging reforms be returned to the Parliamentary agenda.
2025-09-08T05:00:00Z By Oscar Gonzalez
The FTC officially withdrew its appeal in a federal court case over its ban on employer noncompete clauses that it passed last year. The agency, however, says it wants public input regarding the effects of employer noncompete agreements.
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