The Commodity Futures Trading Commission (CFTC) announced Wednesday the resignation of Chairman Reuben Jeffery III, effective immediately. Jeffery served as chairman of the CFTC since July 2005. Prior to his appointment by President George W. Bush, he served as special assistant to the president and senior director for international economic affairs at the National Security Council. Jeffery is departing the CFTC for the U.S. Department of State, where he has been nominated and confirmed as under secretary of state for economic, energy and agricultural affairs by Bush and will begin serving in that capacity as of Thursday. To replace Jeffery, the CFTC said it has elected Walter Lukken to serve as acting chairman. Lukken will exercise the executive and administrative functions of the commission until a new chairman has been appointed by Bush and confirmed by the Senate.
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Jeffery Sworn In as New CFTC Chariman
Reuben Jeffery III was sworn Monday as the new chairman and a commissioner at the Commodity Futures Trading Commission (CFTC), which regulates commodity futures and options on U.S. exchanges. The appointment came two days after Joseph Kelliher officially became chairman of the Federal Energy Regulatory Commission, the other major D.C. regulatory body charged with oversight of the energy industry (see related story).
White House Sends CFTC Chairman Nomination to Capitol Hill
The White House last week forwarded to the Senate the nomination of Reuben Jeffery III to be a commissioner and chairman of the Commodity Futures Trading Commission (CFTC).
White House Sends CFTC Chairman Nomination to Capitol Hill
The White House this week forwarded to the Senate the nomination of Reuben Jeffery III to be a commissioner and chairman of the Commodity Futures Trading Commission (CFTC).
