U.S. Swap Overseers Flirt With Union as Salaries Squeezed
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Fed up with pay packages that are smaller than other financial regulators, some workers at the U.S. agency that oversees the derivatives market have begun discussing whether to join a union.
A group of non-management Commodity Futures Trading Commission employees attended a lunchtime meeting April 10 at a Washington bar to hear a pitch from the National Treasury Employees Union, according to an e-mail sent to some staff members at the agency. The message offered a complimentary meal and said to “bring your friends” to learn about “aggressive and professional NTEU representation.”