CFTC's Giancarlo barred from meeting Sef bigwigs

Ethics pledge means new commissioner cannot talk to WMBAA board

CFTC headquarters

Chris Giancarlo, one of three recently appointed commissioners at the US Commodity Futures Trading Commission (CFTC), is barred by conflict of interest rules from meeting with former employer GFI Group as well as any board members of the Wholesale Markets Brokers' Association Americas (WMBAA), where Giancarlo was also a member.

That prevents him meeting senior executives from some of the market's biggest swap execution facilities (Sefs) – including Chris Ferreri, a managing director at Icap, and

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