The Commodity Futures Trading Commission has been running on fumes with only two active Commissioners and it is about to get worse.
CFTC Commissioner Bowen announced her plans to step down as a commissioner well ahead of when her five-year term expires in 2019.
Commissioner Bowen told the CFTC’s Market Risk Advisory Committee, “I will say that this is definitely been a bittersweet decision. As much as I relish my role as commissioner, I believe my leaving is best for the agency… My hope is that by leaving early I can inspire key policy decision makers to confirm four nominees as soon as possible.”
She claimed that without a full complement of commissioners to consider the implications of the CFTC’s decisions that the regulator was frozen in place while the markets continue to move faster every day.
She has not yet revealed an exact leaving date.
Full Content: Markets Media
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