CFTC Chairman Resigns

Jun 28 2007 | 2:25pm ET

Commodity Futures Trading Commission Chairman Reuben Jeffery has resigned from his position effective June 27. Jeffery has served as chairman since July 2005.

Jeffery is leaving the CFTC for the U.S. Department of State where he has been nominated and confirmed as Under Secretary of State for Economic, Energy and Agricultural Affairs by President Bush and will begin serving in that capacity as of June 28.
 
“It has been an honor to serve the President of the United States and the American people as Chairman of the CFTC during the past two years,” said Jeffery. “The continued evolution of a truly international marketplace will only serve to fuel growth in both trading volume and new initiatives. I have every faith and confidence that the CFTC will be successful in meeting the challenges that the future holds, and that it will continue to protect the public interest and integrity of the U.S. commodity futures and options markets.”


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