Enforcement Dustup Riles CFTC

Also, Powell says Fed will seek additional comment on Basel plan; Trade groups urge Gensler to jettison more rules in light of court rulings; Yellen quizzed on outbound investment policy

A long-simmering feud between the CFTC’s enforcement division and Commissioner Caroline Pham is now boiling over, with the Republican appointee publicly lambasting its lawyers’ conduct and airing details of closed-door meetings. Staff, in turn, are accusing her of endangering a high-profile fraud case against a foreign exchange trading firm and its CEO.

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