The refilling of two of the three vacant commissioner seats
at Commodity Futures Trading Commission (CFTC) in late November
has been met with cautious optimism by industry executives.
The agency, which has been operating since July with just
two commissioners, filled two vacancies with Democrats
Frederick Hatfield, a staffer with Louisiana Senator John
Breaux, and Michael Dunn, a long-time staffer with Iowa Senator
Tom Harken. Hatfield's term ends in 2008 and Dunn's expires in
June 2006. Sharon Brown-Hruska, the acting chairman of CFTC,
was also given another appointment with her term ending in
2009. They join Walt Lukken, whose term expires next April,
creating an even split between Republican and Democrat
commissioners. A fifth spot may be filled, although no serious
candidates for the job have been mentioned as yet.
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