CFTC top cop ramps up use of anti-manipulation rule

Agency’s new authority under Dodd-Frank is "very promising", Goelman says

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Aitan Goelman, CFTC

Historically, the US Commodity Futures Trading Commission (CFTC) has had a spotty track record of winning market manipulation cases in court. But Aitan Goelman, director of the CFTC's division of enforcement, is determined to change that.

Goelman, who was appointed in 2014, is luckier than many of his predecessors in that the CFTC has a powerful new authority, granted by the US Dodd-Frank Act, to prosecute manipulation. Before the law was passed in 2010, the commission's lawyers needed to prove