Source: US Commodity Futures Trading Commission
/PressRoom/SpeechesTestimony/phamstatement092424
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September 24, 2024
WASHINGTON, D.C. – Commodity Futures Trading Commission (CFTC) Commissioner Caroline D. Pham today released the following statement on the CFTC’s filing of four administrative complaints for enforcement actions before a CFTC temporary hearing officer:
“It is unbelievable that in the wake of the U.S. Supreme Court’s Jarkesy opinion and the heightened scrutiny of agency administrative proceedings, the Commission is doubling down on bringing enforcement actions before a hearing officer—not even an Administrative Law Judge. Last year, when the Commission pulled this maneuver at the last minute, I stated that this shotgun approach ‘flies in the face of decades of Commission standard practice and rules, bypasses federal Article III courts, and is a misuse of the CFTC’s adjudication authority.’