The White House announced that President Barack Obama has nominated Georgetown Law Professor Chris Brummer to the U.S. Commodity Futures Trading Commission.
“We are thrilled that Chris has been honored by this nomination as commissioner,” said Georgetown Law Dean William M. Treanor. “He is a brilliant thinker, an inspiring teacher and a dedicated public servant. We know that he will serve the nation well and we congratulate him on this honor.”
The U.S. Commodity Futures Trading Commission is an independent agency that regulates the futures and options market. Since the financial crisis of 2008, it has been tasked with bringing more transparency and regulation to the swaps market.
Read the full release here.