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Stories of Interest
- Wells Fargo Has Shown Us Its Contemptible Values
- UBS to Counter Trading Troubles With M&A Work
- SEC Moves Quickly To Shut Down Fake Pre-IPO Share Scam
- SEC Testimony: Oversight of the SEC Division of Enforcement
- FINRA Modifies 'Agency Debt Security' in Rule 6710
- Is Jamie Dimon Doing a U-Turn on Bitcoin?
- After New Yorker's Racist Rant Goes Viral, His Law Firm Gets Pummeled with 1-Star Yelp Reviews
- Bill O’Donnell is New CFO at MetLife
- Trump Still Owes Deutsche Bank, Others as Much as $480Mn
- Wells Fargo Scandals Hurt Its Retirement Business
- Michigan State to Pay $500Mn to Victims of Larry Nassar's Abuse
- Top Lawyer at Novartis Leaving Over $1.2Mn Contract with Michael Cohen's Consulting Firm
- Cadwalader Adds Mark Chorazak to its Financial Regulation Practice
- Deutsche Bank: It's A Short According to Eisman of ‘The Big Short’ Fame
- Up In Smoke: Bank of Montreal Goes All-In on Pot Deals
- RBS to Pay $4.9Bn to Settle Toxic MBS Probe with U.S.
- Apple and Goldman Sachs Team Up to Release New Credit Card
- Robinhood, A Stock, Trading App Rejected by 75 Investors, Now Worth $5.6Bn
- Wells Fargo Reportedly Pocketed Fire And Police Department Pension Fund Fee Rebates
- Trading App Robinhood Surpasses E*Trade In User Numbers
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NEWSLETTERS & ALERTS
Christopher Giancarlo Named to Permanently Chair the CFTC
Donald has nominated Christopher Giancarlo as the permanent Chair of the CFTC. Mr. Giancarlo has been serving as acting Chair since January 20 - Donald Trump’s inauguration day – and was widely expected to get the permanent nod.
It’s high time that Trump made a move to staff the CFTC 5-member panel, because Sharon Bowen, a Democrat Commissioner, is the only other member at the CFTC. As recently as Monday, Mr. Giancarlo said that little progress can be made at the Agency without a full 5-member panel.
Nevertheless, Mr. Giancarlo must proceed as best he can. On Wednesday, he is expected to give a major policy speech at the annual Futures Industry Association (FIA) conference, where he will lay out his regulatory vision for the agency. Mr. Giancarlo has been critical of the way the agency has implemented many of the new rules required by Dodd-Frank. As chairman, he will likely try and scale back on rules that he believes are overly burdensome.
Giancarlo has been with the CFTC since 2014, when he joined as a Republican Commissioner. Until that point, he had been as EVP for GFI Group, an interdealer broker.