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With Morgan's scalp on the wall, is it time for CFTC enforcer to switch sides?
Top Wall Street Derivatives Cop to Step Down
By Dave Michaels
The Wall Street Journal
Friday, October 2, 2020
WASHINGTON -- The chief enforcement watchdog of U.S. derivatives markets is stepping down as his agency wraps up some of its largest investigations.
James McDonald, the Commodity Futures Trading Commission's enforcement director, will resign from his role next week, he said Friday in an interview. Mr. McDonald, a former federal prosecutor, led the CFTC's market cops through dozens of market-manipulation cases, including one against JPMorgan Chase & Co. that this week produced the highest fine ever imposed by the agency.
... Dispatch continues below ...
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Mr. McDonald, 38, said he didn't have a new job yet and didn't know if he would make the switch to representing Wall Street clients, a common move for ex-government enforcers. His resignation would be officially announced Monday and is effective Thursday, he said. ...
... For the remainder of the report:
https://www.wsj.com/articles/top-wall-street-derivatives-cop-to-step-dow...
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