This spring saw a flurry of activity from Acting Chairman Caroline D. Pham and the US Commodity Futures Trading Commission (the Commission or CFTC) regarding changes to CFTC enforcement priorities. Under her leadership, Acting Chairman Pham announced an "enforcement sprint" (the Sprint) designed to resolve matters considered to be relatively minor compliance violations with no customer harm or nefarious intent. These orders may be a helpful guide to market participants looking to advocate for similar credit. Summary of the Sprint Enforcement SettlementsThe six settlement orders published by the CFTC fall into three categories — violations related to supervision and system errors, off-channel communications and swap data reporting. 3 See Acting Chairman Pham Announces Successful Completion of Enforcement Sprint (Sep. 4, 2025), available at https://www.cftc.gov/PressRoom/PressReleases/9114-25.