Top Wall Street Derivatives Cop to Step Down

With James McDonald as enforcement director, the Commodity Futures Trading Commission filed 113 enforcement actions in the 2020 fiscal year, which ended Sept. 30.



Photo:

andrew kelly/Reuters

WASHINGTON—The chief enforcement watchdog of U.S. derivatives markets is stepping down as his agency wraps up some of its largest investigations.

James McDonald, the Commodity Futures Trading Commission’s enforcement director, will resign from his role next week, he said Friday in an interview. Mr. McDonald, a former federal prosecutor, led the CFTC’s market cops through dozens of market-manipulation cases, including one against

JPMorgan

Chase & Co. that this week produced the highest fine

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Where Trump and Biden Stand on Mortgage Finance

This article is part of a Wall Street Journal guide comparing President Trump and former Vice President Joe Biden on issues from climate change to health care and jobs.

WASHINGTON—Donald Trump and Joe Biden have divergent views on the federal government’s role in the $11 trillion mortgage market, with potential consequences for the price of home loans for millions of Americans.

In keeping with the Republican Party’s emphasis on limiting the government’s role in the economy, the Trump administration aims to return two giant mortgage-finance companies—

Fannie Mae

and

Freddie Mac

—to private hands over the next couple of years.

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Half of Canadian Policyholders Are Being Sold A Costly Life Insurance Product That Most People Don’t Need

New survey reveals that 49 per cent of Canadians have been sold expensive, complicated, and often unnecessary ‘permanent’ life insurance policies — yet the vast majority only require ‘term’ coverage

TORONTO, Oct. 7, 2020 /CNW/ – According to new survey findings from PolicyMe, an online life insurance platform and advisor, 49 per cent of Canadians that bought life insurance through an advisor (i.e. not through employee benefits) bought a permanent policy. This is despite the fact that permanent life insurance is a product that should typically only be considered by high-net-worth individuals and possibly by older Canadians (55+). The

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