David Meister, director of enforcement at the Commodity Futures Trading Commission, said he will take an "aggressive, quick and efficient" stance as he cracks down on manipulation and fraud in the futures and swaps markets. The CFTC will continue to look into schemes that prey on individual investors, but it will also investigate broader manipulation. "The Dodd-Frank Act has broadened our horizons substantially," Meister said at an industry conference. "We have a bigger arsenal of weapons, enforcement weapons, to use on a very wide jurisdictional landscape."
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