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CFTC revamp of enforcement division is further signal of shift in focus

Image of the front of the CFTC headquarters in Washington, D.C.
Photo: CFTC

Strategy is to target bad actors rather than impose ‘unnecessary burdens’ on legitimate players.

A reorganization of the enforcement division to “refocus” on fraud and “stop regulation by enforcement” has been announced by Caroline Pham, Acting Chair of the US Commodity Futures Trading Commission (CFTC).

Pham said the restructuring aims to streamline investigations, enhance efficiency, and ensure fair oversight of US derivatives markets without