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CFTC Back to Full Strength After Senate Confirmations

The US Senate has confirmed the nominations of Dawn Stump and Dan Berkovitz as commissioners at the Commodity Futures Trading Commission (CFTC), bringing the agency to a full staff of five commissioners for the first time since 2014.

Stump, a Republican, was most recently president of consultancy Stump Strategic, prior to which she was a vice president at NYSE Euronext. Stump also previously served as the Futures Industry Association’s (FIA) executive director of the Americas Advisory Board, and held several staff positions in the Senate and House of Representatives.

Berkovitz, a Democrat, worked at the law firm Wilmer Cutler Pickering Hale and Dorr in Washington before accepting the CFTC position. He will be a familiar face to some staff at the agency, having worked as the CFTC’s general counsel from 2009 to 2013.

“On behalf of the entire agency, I am delighted to welcome Dawn Stump and Dan Berkovitz as commissioners to the Commodity Futures Trading Commission.  The agency’s work to carry out its mission to foster open, transparent, competitive and financially sound markets has never been more important, and I strongly believe that a five member commission will inform the best and most lasting work possible.  Dan and Dawn bring knowledge and experience to the commission that will be respected and appreciated by all.  I look forward to working with them to keep America’s derivatives markets strong and the envy of the world,” says CFTC chairman, Christopher Giancarlo.

Commenting on the appointments, FIA president and CEO Walt Lukken, says: “On behalf of the FIA Board of Directors, members and staff, I congratulate Dawn Stump and Dan Berkovitz on their US Senate confirmation. Both bring years of experience and expertise to the agency at a critical time and will approach the issues facing this industry with fairness, balance and a willingness to listen. It has been a pleasure to work closely with both of these thoughtful individuals over the years and we look forward to the benefits of having a full complement of commissioners under the leadership of Chairman Giancarlo.”

 

Galen Stops

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