Wall Streeters Fill CFTC’s Dance Card

A government regulator tasked with implementing the new Wall Street reforms has met with special interest groups almost 200 times since President Barack Obama signed the reforms into law last summer, according to an analysis by the Sunlight Foundation, a group that works for greater government transparency.

The Commodity Futures Trading Commission had 192 meetings or talks with outside groups from July 26 to Oct. 5. Most of the groups will be affected by new rules regulating over-the-counter derivatives trading, according to the foundation’s analysis. The CFTC did not respond to requests for comment.

And the financial services industry didn’t waste much time before reaching out to the CFTC. The bill was signed on a Wednesday, and by Monday afternoon, IntercontinentalExchange Chief Executive Jeff Sprecher was on the phone with CFTC Chairman Gary Gensler, according to the records.

Continue reading the Politico article here.


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