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CFTC Commissioners Massad, Bowen, Giancarlo CFTC
Pictured in the chair is outgoing CFTC Chairman Timothy Massad. Behind him (from left to right) are Commissioners Sharon Bowen, Scott O'Malia (who previously left the agency) and Chris Giancarlo who will take over the chairman position upon Massad's departure.

CFTC chairman Massad resigns

Massad listened to agricultural producers and processors; Giancarlo will work toward “smooth transition” to chairman.

Commodity Futures Trading Commission (CFTC) chairman Timothy Massad announced that he will step down on Jan. 20. His term as commissioner was due to expire in April. The move paves the way for Republican commissioner Chris Giancarlo to take the lead at CFTC and gives President-elect Donald Trump one more commissioner slot to fill when he comes into office.

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