Wednesday, April 7, 2010 as of 11:14 AM ET
Gary S. Gensler (born October 18, 1957) is the chairman of the U.S. Commodity Futures Trading Commission under President Barack Obama.
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The top Republican on the Senate Banking Committee has prepared a subpoena for the chairman of the Commodity Futures Trading Commission over his regulation of MF Global, which went bankrupt last fall because of risky bets on European debt, a Senate aide said Tuesday.
CFTC Chairman Gary Gensler recused himself last year from his agency's probe into the firm because he once worked at Goldman Sachs with MF Global's former CEO, Jon Corzine. The CFTC and a bankruptcy trustee are seeking to recover a $1.6 billion shortfall in customer funds at the firm.At a committee hearing Tuesday, Gensler answered multiple questions from Sen. Richard Shelby (R-AL) about the his oversight of MF Global shortly before it failed. But a CFTC spokesman said after the hearing that Gensler had repeated his previous comments on the matter, was not aware of a subpoena prepared by Shelby and did not respond to the senator because of it."We absolutely had no idea of any subpoena," said Steve Adamske, the CFTC spokesm...A Republican member of the House Financial Services Committee predicted more than 100 members of Congress will sign his letter calling for the Attorney General to ap...
FBN’s Diane Macedo breaks down the stories moving the markets around the world.
A Republican member of the House Financial Services Committee is circulating a letter in Congress that calls for the appointment of an independent counsel to investi...
Regulations stemming from the Dodd-Frank financial overhaul law -- which bankers fear will crimp their profits in the sometimes complex derivatives called "swaps" --...
FBN's Charlie Gasparino on the political conflicts of interest existing in the MF Global case.
The specter of lower credit ratings for banks will encourage hedge funds and asset managers to push privately traded derivatives called "swaps" into clearinghouses, ...
Haar Capital Management President Stanley Haar on the impact of MF Global on individual investors.
U.S. regulators are looking at ways to ease some new derivatives rules for overseas banks, both foreign-owned and U.S. subsidiaries, The Financial Times reports on i...
U.S. regulators voted Wednesday to approve a rule that could subject fewer firms to the highest level of oversight under broad new regulations for complex derivative...
It all started earlier this year when presidential hopeful Newt Gingrich promised voters that if elected to the White House, he would make sure gas prices dropped to...
CFTC Commissioner Bart Chilton on the impact of speculators on oil prices.
Rep. Michael Burgess, (R-Texas), discusses whether the government is making an effort to lower the price at the pump.
FBN's Peter Barnes on the Senate Banking Committee inquiry into J.P. Morgan's trading losses.
Commodity Futures Trading Commission Chairman Gary Gensler said the agency had opened an investigation into JP Morgan Chase's trades, which have resulted in a more t...
The Commodity Futures Trading Commission is investigating J.P. Morgan Chase's use of credit derivatives by the bank's chief investment office, according to CFTC Chai...
The nation's top commodities regulator on Monday said he was concerned about legislation under consideration in the House that would exempt derivatives transactions ...
Commodity Futures Trading Commission Chairman Gary Gensler said J.P. Morgan Chase's (JPM) loss was a "stark reminder" of why new derivatives rules need to include in...
JPMorgan Chase & Co (NYSE:JPM) Chief Executive Jamie Dimon has agreed to testify before Congress over the bank's recent trading losses, which have ignited a politica...
Derivatives regulators are likely to be questioned about their oversight of complex trades at J.P. Morgan Chase & Co. (JPM) that resulted in a more than $2 billion l...
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