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US CFTC `engaged in willful and bad faith conduct' in 2023 case, court report finds

( May 13, 2025, 23:31 GMT | Official Statement) -- MLex Summary: US Commodity Futures Trading Commission Acting Chairman Caroline D. Pham said the agency's "willful and bad faith conduct" in a 2023 federal case, as detailed in a US District Court report, is "inexcusable." She said "these types of failures are rarely an isolated incident and point to a broader breakdown in the culture of the Division of Enforcement." The report by a special master of the court said that without "the imposition of sanctions, [the CFTC’s] conduct appears likely to repeat itself.," Pham said....

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