The Desk - February Edition

January is at least eight weeks – I'm certain of it. Now that it's February we know who's running the CFTC and its different Divisions, for the time being. Acting Chair Pham comes to her position with a long history of interesting and important dissents and other publications since becoming a

In this month's newsletter we focus on a lengthy analysis of what may be coming based on Acting Chair Pham's dissents.

January Enforcement Round-Up

January was a transitional month for the CFTC's Division of Enforcement. Ian McGinley stepped down as Director, and Brian Young, who has been at the CFTC since 2024 as the Director of the Whistleblower Office, was tapped as the Acting Director of Enforcement. Each of January's four enforcement actions focused on a form of fraud or misrepresentation resulting in customer harm. It is tough to predict what the future holds under the CFTC's new leadership, but there is no doubt the CFTC will continue to bring actions that fall