CFTC commissioners

From MarketsWiki

The Commodity Futures Trading Commission has five commissioners appointed by the President, with consent of the Senate, to serve staggered five-year terms. The President designates one of the commissioners to serve as chairman. No more than three commissioners at any one time may be from the same political party.

CFTC Commissioners as of October 2007 include:

Acting Chairman Walter Lukken

Commissioner Michael Dunn

Commissioner Jill E. Sommers

Commissioner Bart Chilton

Commissioner Frederick W. Hatfield submitted his resignation to President Bush, effective December 31, 2006. His term would have extended to April 13, 2008.

Interesting Piece of Commissioner History

Lawyer William T. Bagley was appointed by President Ford as the first chairman of the Commodity Futures Trading Commission, serving from 1975-1978. As keynote speaker at a press dinner on the Chicago Board of Trade's trading floor early in his chairmanship, he established one of the CFTC's oversight goals by telling the crowd, "If there's any Mickey Mouse going on in the industry, I'm going to cut Mickey's ears off." [paraphrased]