Senate Confirms Three Obama Nominees to CFTC

Senate lawmakers on Tuesday confirmed all three of President Barack Obama’s nominees for the Commodity Futures Trading Commission, restoring the top U.S. regulator of swaps and other derivatives to a full slate of commissioners. The Senate, by voice vote, approved senior Treasury Department official Timothy Massad to head the five-member agency, and brokerage executive J. Christopher Giancarlo for an open Republican seat at the CFTC. Mr. Massad will succeed Gary Gensler, who stepped down as CFTC chairman in January. The Senate also confirmed securities lawyer Sharon Bowen to fill a vacant Democratic slot. Ms. Bowen was confirmed by a vote of 48-46, largely along partisan lines. More in the Wall Street Journal here.