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U.S. Swaps Regulator Names Goelman to Lead Enforcement 

June 11, 2014
Silla Brush, Bloomberg

Aitan Goelman, a former federal prosecutor and criminal defense lawyer, was named director of enforcement at the U.S. regulator in charge of rooting out fraud and manipulation in derivatives markets.

Goelman, a Washington-based partner at Zuckerman Spaeder LLP, will join the Commodity Futures Trading Commission, agency chairman Timothy Massad said yesterday in a statement announcing his first high-profile personnel move since he was sworn in last week.

“It is an honor to be able to play a part in helping the commission fulfill its crucial mission of maintaining the integrity of the futures and swaps markets,” Goelman said in a statement.

The CFTC was granted broad new powers by the 2010 Dodd-Frank Act to oversee much of the $710 trillion global swaps market that was previously largely unregulated. The agency gained expanded authorities to pursue cases of manipulation and disruptive trading, including by automated and high-speed traders.

Read more: Bloomberg

 
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