FIA Statement On Reuben Jeffery Nomination To CFTC

The Futures Industry Association released the following statement by FIA President John Damgard on the nomination of Reuben Jeffery to serve as the Chairman of the Commodity Futures Trading Commission:

"The FIA commends President Bush for nominating such an accomplished individual to serve as CFTC Chairman. Mr. Jeffery's credentials are indeed impressive. He has a wealth of experience in the financial services sector and will bring to the agency a keen appreciation for the cross-border issues that our industry is facing. With CFTC reauthorization upon us, we look forward to the earliest possible Senate consideration of his nomination, which would allow him to join an outstanding group of Commissioners ably led by Acting Chairman Sharon Brown-Hruska."

The Futures Industry Association is the international trade organization for the futures industry. Its membership includes more than 40 of the largest futures commission merchants. FIA estimates that its members are responsible for more than 80 percent of all public customer business executed on U.S. contract markets. FIA membership also includes more than 40 international futures and options exchanges and clearinghouses in North and South America, Europe, Africa, Asia and Australia. For more information, contact Mary Ann Burns (maburns@futuresindustry.org) or Will Acworth (wacworth@futuresindustry.org) at (202) 466-5460.