CFTC chairman Timothy Massad tendered his resignation from the
commission to President Obama, effective Jan. 20, 2017. Massad
assumed leadership of the CFTC on June 5, 2014, having previously
served as assistant secretary for financial stability at the
Department of the Treasury, overseeing the Troubled Asset Relief
Program (TARP). Before joining the Treasury, he served as a legal
advisor to the Congressional Oversight Panel for TARP.
President-elect Donald Trump will appoint his successor and J.
Christopher Giancarlo, the CFTC's only Republican member, is
expected to be named interim CFTC chair, The Wall Street
Journal reports.
Link To Article
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.