President Barack Obama has nominated Timothy
Massad, a senior Treasury Department official, to become the new
chairman of the CFTC, which oversees futures and swaps markets.
Sharon Bowen, a partner at law firm Latham & Watkins in New
York, and Chris Giancarlo, an industry veteran at swaps broker
GFI Group Inc, are nominated for two other spots on the
five-member commission, which decides on the agency's most
important rule-makings and enforcement cases.
The three met little pushback from the Senate committee, which
oversees the CFTC, in a March 6 hearing.
If approved by the committee, the full Senate will have to
finalize their confirmations.
Bowen has faced questions over her involvement in a decision to
not refund money lost in a $7 billion Ponzi scheme set up by
Allen Stanford, who is serving a 110-year jail sentence.
(Reporting by Douwe Miedema; editing by Lisa Shumaker)
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