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.
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