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Biden nominates 3 to CFTC, including Rostin Behnam as chair

Biden nominates 3 to CFTC, including Rostin Behnam as chair
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"SOFR First" Initiative Takes Flight | Latham & Watkins LLP

"SOFR First" Initiative Takes Flight | Latham & Watkins LLP
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Biden taps Rostin Behnam as acting CFTC chair

Rostin Behnam
“I want to express gratitude to President Biden for the opportunity to serve in this capacity,” Behnam said in a press release.
The move comes amid a wave of acting appointments at U.S. regulators while Biden’s picks to lead each agency await Senate confirmation. The newly inaugurated president has yet to announce a nomination to head the CFTC; Reuters reported Thursday that Georgetown University academic Chris Brummer is a leading candidate.
During his commissioner tenure, Behnam has been outspoken on placing more controls on automated trading in the commodities market, particularly in light of the fact crude oil prices dropped into the negative in April 2020 due to pandemic-related disruptions and the so-called “Flash Crash” of 2010. ....

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