Monday, 24 October 2016
Last updated 2 days ago
Dec 14 2006 | 4:06pm ET
Commissioner Frederick Hatfield of the Commodity Futures Trading Commission has submitted a letter of resignation to President George Bush, effective Dec. 31.
Commissioner Hatfield was nominated as a commissioner by President Bush on Oct. 8, 2004 and was sworn in on Dec. 6, 2004. His term was set to expire April 13, 2008.
In submitting his resignation, Commissioner Hatfield stated, “I sincerely enjoyed my time at the Commission, during which we addressed several issues that are indicative of the dynamic nature of the futures industry. I was consistently impressed by the innovative spirit of market participants. I also commend the CFTC staff for their knowledge, dedication and professionalism, and thank each of them for all their assistance. Finally, I thank my fellow Commissioners for their friendship and collegiality and wish them all the best in the years to come.”
Hatfield will be joining the corporate law firm Patton Boggs this coming January where he will focus on a wide variety of regulatory and policy issues in the financial services industry, including hedge fund-related issues. At Patton Boggs, Hatfield will be reunited with former Senator John Breaux of Louisiana, for whom he served as chief of staff prior to joining the CFTC.