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Statement By CFTC Acting Chairman Walt Lukken On Nomination Of Gary Gensler

Date 18/12/2008

Commodity Futures Trading Commission (CFTC) Acting Chairman Walt Lukken issued the following statement on the President-Elect’s announcement today that Gary Gensler will be nominated to serve as Chairman of the CFTC in the next administration.

“President-elect Obama has made an outstanding choice in Gary Gensler to lead the CFTC. Gary has the rare combination of intelligence, market and government experience and independence that will help lead this agency in its vigorous oversight of the futures markets going forward. I look forward to our continued work with Gary and the incoming Administration to facilitate a seamless transition at this agency.”