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.
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.”
2024-06-12T21:18:00Z By Aaron Nicodemus
Caroline Pham, a commissioner at the Commodity Futures Trading Commission, said compliance officers have a lot to worry about if they or their firms are subject to CFTC enforcement during her fireside chat at CW’s Financial Crimes Summit.
2025-08-22T19:05:00Z By Adrianne Appel
Businesses operating in California will need to meet new, first-in-the-nation privacy requirements for cybersecurity, risk assessments, and automated decision-making technology, under a large expansion of rules by the state.
2025-08-18T17:44:00Z By Aly McDevitt
The U.S. Department of Justice has filed two lawsuits against the California Air Resources Board, claiming it no longer has the legal right to enforce strict emissions rules for heavy-duty trucks.
2025-08-14T15:13:00Z By Ruth Prickett
Navigating tariffs and sanctions is becoming a core part of compliance for many companies. As the U.S. and others use economic policies for political aims, compliance teams must adapt to this new geoeconomic trend.
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