Regulator Chilton to Step Down After Battling Wall Street Swaps

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Bart Chilton, a U.S. regulator who pushed for tighter regulation of swaps and derivatives, said he will step down from the Commodity Futures Trading Commission.

A member of the CFTC since 2007, Chilton, 53, attracted attention for using pop music lyrics and other colloquialisms to explain the impact of derivatives and commodity trading on consumers.