Wall Street Regulator Gears Up for Labor Fight With Its Workers
This article is for subscribers only.
The top U.S. derivatives regulator is used to battling Wall Street. Now, it’s gearing up for a potential fight with its own employees.
In February, the Commodity Futures Trading Commission contracted to spend as much as $420,000 on outside labor lawyers after its workers joined a union, public documents show. The CFTC retained the attorneys in case labor negotiations break down and the agency becomes embroiled in a legal dispute, said a person briefed on management’s thinking who requested anonymity.