On the same day that President Obama announced the nomination of former U.S. Attorney Mary Jo White to head the Securities and Exchange Commission, it was revealed that another high profile post will go vacant. On Thursday afternoon, Jill Sommers, one of the Commodity Futures Trading Commission five commissioners, announced her resignation.
Sommers has held the post for nearly five years and had a year remaining on her current term. Although she indicated an intention to leave following the current fiscal quarter, no specific date was made public, nor was there an indication of her future plans.
