The CFTC chair elect has been approved but Massad's approach is a mystery
The US has ended a period of uncertainty at its futures
regulator by appointing chairman elect Timothy Massad and two
other commissioners, yet confusion remains over where the
Commission goes from here.
The US Senate approved last night the appointment of Massad,
a former US Treasury lawyer, as the head of the Commodity
Futures Trading Commission and confirmed as commissioners
Christopher Giancarlo, from US-based broker GFI Group, and
Sharon Bowen, a lawyer at US firm Latham & Watkins.
The appointments give the US futures regulator a full
complement of five commissioners for the first time in months
after former chair Gary Gensler and two other long-serving
commissioners stepped down from those roles earlier this
Mark Wetjen, who has been acting chairman of the CFTC since
Gensler stepped down in January, is staying on as a
commissioner as is the outspoken Scott
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