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.”
2025-10-27T20:16:00Z By Adrianne Appel
California has delayed the release of draft greenhouse gas reporting rules for businesses until early 2026, the California Air Resources Board said.
2025-10-27T19:06:00Z By Neil Hodge
New rules that have recently come into effect across the EU will allow for greater transfers of data between companies, though experts fear the changes could conflict with Europe’s strict privacy legislation, which protects personal information.
2025-10-24T18:05:00Z By Adrianne Appel
Nine states are collaborating to write and enforce comprehensive data privacy laws, in an effort to protect consumers across jurisdictions and due to the absence of a broad, federal privacy law.
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