By Shanny Basar

Behnam Welcomed as CFTC Chair

The US Senate has confirmed Rostin (Russ) Behnam as chairman of the US Commodity Futures Trading Commission.

FIA President and CEO Walt Lukken made the following statement on the US Senate confirmation of Rostin (Russ) Behnam to serve as chairman of the Commodity Futures Trading Commission (CFTC):

“FIA congratulates Russ Behnam on his confirmation to chair the CFTC. Chairman Behnam brings a depth of experience to the office that will serve the public well. He has been a principled advocate for safe, open and transparent markets, and FIA looks forward to working with Chairman Behnam and the Commission on the important issues facing our industry.”

SIFMA released the following statement from Kenneth E. Bentsen, Jr., SIFMA president and CEO, on the Senate confirmation of Rostin Behnam as Chairman of the Commodity Futures Trading Commission:

“We congratulate Rostin Behnam on his confirmation as Chairman of the CFTC. We look forward to working with Mr. Behnam on issues that enhance and maintain the integrity of our capital markets and wish him success in this role.”

Investment Company Institute President and CEO Eric J. Pan issued the following statement after the US Senate voted to confirm Rostin Behnam as the Chair of the Commodity Futures Trading Commission (CFTC):

“I warmly congratulate Commissioner Behnam on his confirmation as Chair of the CFTC. As the new Chair, Russ Behnam brings a deep knowledge and expertise about the derivatives markets to this role and is dedicated to preserving the integrity, resiliency, and prosperity of the US financial industry. As I witnessed on numerous occasions when I had the honor of working with him at the CFTC, he understands the interconnectedness of the global financial markets, and the important role the US plays in creating fair, open, and transparent markets for market participants around the world. The ICI looks forward to working with Chair Behnam as he leads the CFTC into a new era.”

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