U.S. Commodity and Futures Trading Commission (CFTC) Chairman Timothy Massad on Tuesday tendered his resignation to President Obama, effective Jan. 20 — the same day that Donald Trump, who has indicated he will dismantle many of the regulations implemented during Massad’s tenure, is to be inaugurated.
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Obama to Nominate Treasury Official to Lead CFTC
President Obama Tuesday announced his decision to nominate Timothy Massad, a Treasury Department official heavily involved in the federal bank bailout program, as chairman of the Commodity Futures Trading Commission (CFTC), an agency that has gained prominence as it has reined in excessive or illegal speculation in the commodity derivatives and futures markets.
November 12, 2013