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Frustrated CFTC Commissioner steps down, other agencies staff up

Joe Mont | June 21, 2017

The Commodity Futures Trading Commission is losing a long-time member after she publically aired her frustrations. Meanwhile, history may be repeating with a potential nomination to the Securities and Exchange Commission.

CFTC Commissioner Sharon Bowen announced her decision to step down at a June 20 meeting of the Commodity Futures Trading Commission’s Market Risk Advisory Committee.

“Why am I doing this? The answer is simple: because, since the departure of former Chairman Timothy Massad, the work of this agency has been hampered by only having a two-person Commission when we should be a five-person Commission,” she said. “In fact, we have not been a five-person Commission since the departure of Commissioner Scott O’Malia in August 2014.”

“Having just two Commissioners makes routine business difficult, but makes important policy decisions almost impossible,” she added. “Without...

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