Prior to joining OneChicago in October 2001, Mr. Paul was a partner in McDermott, Will & Emery's Washington, D.C. office. From October 1999 through January 2001, Mr. Paul served as General Counsel to the Commodity Futures Trading Commission, where he advised the Chairman and Commissioners regarding legislation, regulations and rulemaking, litigation, adjudication and ethics and supervised the CTFC's appellate litigation. After representing the CFTC in negotiations with the Department of the Treasury, the Federal Reserve Board and the Securities and Exchange Commission to draft the President's Working Group on Financial Markets' report on "Over-the-Counter Derivatives Markets and the Commodity Exchange Act" (November 1999), he led the CFTC's negotiations with the SEC to construct a joint regulatory scheme to permit trading security futures in the US, which was incorporated into the Commodity Futures Modernization Act of 2000 passed by Congress in December 2000.

Mr. Paul previously served as in-house counsel to Dean Witter Reynolds Inc. from 1987 to 1997 and Credit Suisse First Boston Corporation from 1997 to 1999.

Mr. Paul, a former partner in the Washington, D.C. office of McDermott, Will & Emery, served as General Counsel of the Commodity Futures Trading Commission (CFTC) during Mr. Rainer's tenure as its Chairman from October 1999 to early 2001. As part of Mr. Rainer's initiative for comprehensive regulatory reform at the CFTC, Mr. Paul led the CFTC's extensive negotiations with the Securities and Exchange Commission (SEC) to construct a joint regulatory scheme for security futures. That effort culminated in the new law that will permit trading of security futures in the United States, incorporated into the Commodity Futures Modernization Act of 2000.

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