The Commodity Futures Trading Commission (CFTC) announced today that the U.S. District Court for the Southern District of New York entered a consent order against John Patrick Gorman III.
Gorman, a U.S. dollar swaps trader and managing director of a global investment bank, was found to have made false statements. This action resolves the CFTC's case against him, concluding the legal proceedings related to his conduct in the swaps market.