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Gary DeWaal Comments on CFTC Growing Pains in The Wall Street Journal

Firm News | May 15, 2018

Financial Services special counsel Gary DeWaal was quoted by The Wall Street Journal in an article on challenges faced by the Commodity Futures Trading Commission (CFTC) as a result of its flat budget yet growing jurisdiction. CFTC Chairman J. Christopher Giancarlo indicated that the agency is exploring a variety of planned cuts, including voluntary buyouts, reduced training and technology resources, and continuation of its "exceptionally low level of hiring." Gary stated, "There is a triage. There's no doubt that folks like me, who deal with the CFTC day in and day out on lots of different issues, are seeing the impact of that budgetary situation." ("U.S. Markets Regulator Considers Buyouts, Extension of Hiring Freeze," May 8, 2018)

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