CFTC Charges Former Risk Consultant with Unauthorized Trading.
On September 24th, the CFTC filed a civil complaint against former risk management consultant Gregory Christopher Evans, charging the Kansas City, MO resident with fraud and unauthorized trading. Press Release.
CFTC Votes to Ease Restrictions on Certain Swaps
On September 24, new CFTC Commissioner J. Christopher Giancarlo gave his first speech since joining the agency in June to the Global Forum for Derivatives Markets. Giancarlo emphasized that the agency must retract some of its strict policies regarding overseas swaps, hoping to avoid “a trade war in financial markets akin to that which worsened the Great Depression.” Speech.