WASHINGTON, D.C. — The following is attributable to a Commodity Futures Trading Commission spokesperson:

Allegations in a Bloomberg article attempting to smear Acting Chairman Caroline D. Pham are baseless, were not fact-checked with the CFTC, and an unfortunate attempt to distract from the CFTC’s important mission. Pham’s tenure has been marked by pushes for improved transparency, adherence to the law, and management accountability. New administrations and changes in agency leadership are almost always accompanied by changes in senior management. This is nothing new.

Claims about Acting Chairman Pham’s travel are categorically false. All aspects of Pham’s travel have been reviewed and approved by agency officials, including the Chief Financial Officer, the Ethics Office, and the General Counsel with voluminous supporting documentation. Any personal travel by Pham, including business class travel, hotel stays, and commuting expenses, was paid for with personal funds and was not paid by the CFTC and is substantiated with receipts. 

At all times, Pham complied in full with all laws, regulations, and agency policies. Any insinuations that Pham’s conduct was intimidating, abusive, or created a hostile work environment are verifiably without any merit.