J. Christopher Giancarlo reportedly is being vetted to fill the seat of Republican Jill Sommers when she steps down from the Commodity Futures Trading Commission, according to people briefed on the situation. Giancarlo is executive vice president at interdealer-broker GFI Group and has been actively involved in the debate over swaps regulation, testifying before Congress and meeting with CFTC officials over swap-rule implementation.

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Bloomberg, Reuters

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