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Trump nominee pledges ‘new direction’ for CFTC

Joe Mont | March 15, 2017

It is official. Acting Commodity Futures Trading Commission Chairman J. Christopher Giancarlo may soon drop the “acting” qualifier from his title.

The decision to nominate him as full chairman, an expected one, was announced by President Donald J. Trump this week. Giancarlo now awaits Senate confirmation.

Giancarlo was nominated by President Obama on Aug. 1, 2013 and confirmed by the Senate to a term expiring in April 2019.  He was designated as acting chairman on January 20.

He previously served as the executive vice president of GFI Group Inc., a financial services firm. Before that, he was executive vice president and legal counsel of Fenics Software and was a corporate partner in the New York law firm of Brown Raysman Millstein Felder & Steiner.

Giancarlo wasted no time in starting to mold the CFTC to his vision. In a March 15 speech at the annual International Futures...

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