The Commodity Futures Trading Commission’s acting chair, Caroline Pham, removed the agency’s head of human resources, who was leading an internal investigation into staff complaints against Pham for creating a hostile work environment,

Chairman Caroline Pham has issued a statement defending herself against claims made in a Bloomberg article. Pham was appointed Acting Chair as the Trump Administration took over the federal bureaucracy.

Acting Chair Caroline Pham said Tuesday the regulatory agency has reorganized its enforcement division to “refocus” on fraud and “stop regulation by enforcement.” Under former Chairman Rostin Behnam,

The U.S. Commodity Futures Trading Commission will reorganize its Division of Enforcement's task forces to end "regulation by enforcement" and instead focus on combating fraud and helping victims, CFTC's acting chairman said on Tuesday.

The CFTC has restructured its enforcement division into two streamlined task forces, marking an end to the "regulation by enforcement" approach and shifting focus to fraud prevention.