{"id":5578,"date":"2014-01-11T00:00:00","date_gmt":"2014-01-11T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2014\/01\/cftc_news_chairman_gensler_ste"},"modified":"2022-05-05T12:27:58","modified_gmt":"2022-05-05T17:27:58","slug":"cftc-news-chairman-gensler-ste","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/cftc-news-chairman-gensler-ste\/","title":{"rendered":"CFTC News: Chairman Gensler Steps Down, New Co-COOs Are Appointed, &#038; the Agency Revokes Commodity Trading Adviser\u2019s Registration Over Fraud"},"content":{"rendered":"<p>Gary Gensler has stepped down as the chairman of the Commodity Futures Trading Commission. Timothy G. Massad, an official from the US Treasury, is his successor.<\/p>\n<p>A former Goldman Sachs (GS) trader and later also a Treasury Department official, Gensler became, according to <em>Reuters<\/em>, the regulator that Wall Street became most afraid of following the economic crisis. His tough reforms have gained him numerous admirers, as well as critics who believe that he hurt the markets.<\/p>\n<p>During his 5-year tenure as head of the CFTC, the Commission finished 70% of the rules it was supposed to write\u2014way more than any other US regulator. He also took the most stringent stance regarding rules to get swaps trading onto exchange-like platforms and just recently he brought through a plan mandating that foreign banks follow CFTC rules when dealing with US clients even though foreign regulators wanted otherwise.<\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/cftc-news-chairman-gensler-ste\/\"  title=\"Continue Reading CFTC News: Chairman Gensler Steps Down, New Co-COOs Are Appointed, &#038; the Agency Revokes Commodity Trading Adviser\u2019s Registration Over Fraud\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Gary Gensler has stepped down as the chairman of the Commodity Futures Trading Commission. Timothy G. Massad, an official from the US Treasury, is his successor. A former Goldman Sachs (GS) trader and later also a Treasury Department official, Gensler became, according to Reuters, the regulator that Wall Street became most afraid of following the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3810],"tags":[],"class_list":["post-5578","post","type-post","status-publish","format-standard","hentry","category-cftc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CFTC News: Chairman Gensler Steps Down, New Co-COOs Are Appointed, &amp; the Agency Revokes Commodity Trading Adviser\u2019s Registration Over Fraud &#8212; Investor Lawyers Blog &#8212; January 11, 2014<\/title>\n<meta name=\"description\" content=\"Gary Gensler has stepped down as the chairman of the Commodity Futures Trading Commission. Timothy G. Massad, an official from the US Treasury, is his &#8212; January 11, 2014\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/cftc-news-chairman-gensler-ste\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"CFTC News: Chairman Gensler Steps Down, New Co-COOs Are Appointed, &amp; the Agency Revokes Commodity Trading Adviser\u2019s Registration Over Fraud &#8212; Investor Lawyers Blog &#8212; January 11, 2014\" \/>\n<meta name=\"twitter:description\" content=\"Gary Gensler has stepped down as the chairman of the Commodity Futures Trading Commission. Timothy G. Massad, an official from the US Treasury, is his &#8212; January 11, 2014\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Shepherd Smith Edwards &amp; Kantas, LLP\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"CFTC News: Chairman Gensler Steps Down, New Co-COOs Are Appointed, & the Agency Revokes Commodity Trading Adviser\u2019s Registration Over Fraud &#8212; Investor Lawyers Blog &#8212; January 11, 2014","description":"Gary Gensler has stepped down as the chairman of the Commodity Futures Trading Commission. Timothy G. 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Massad, an official from the US Treasury, is his &#8212; January 11, 2014","twitter_misc":{"Written by":"Shepherd Smith Edwards &amp; Kantas, LLP","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.investorlawyers.com\/blog\/cftc-news-chairman-gensler-ste\/#article","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/cftc-news-chairman-gensler-ste\/"},"author":{"name":"Shepherd Smith Edwards &amp; Kantas, LLP","@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"headline":"CFTC News: Chairman Gensler Steps Down, New Co-COOs Are Appointed, &#038; the Agency Revokes Commodity Trading Adviser\u2019s Registration Over Fraud","datePublished":"2014-01-11T06:00:00+00:00","dateModified":"2022-05-05T17:27:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.investorlawyers.com\/blog\/cftc-news-chairman-gensler-ste\/"},"wordCount":575,"articleSection":["CFTC"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.investorlawyers.com\/blog\/cftc-news-chairman-gensler-ste\/","url":"https:\/\/www.investorlawyers.com\/blog\/cftc-news-chairman-gensler-ste\/","name":"CFTC News: Chairman Gensler Steps Down, New Co-COOs Are Appointed, & the Agency Revokes Commodity Trading Adviser\u2019s Registration Over Fraud &#8212; Investor Lawyers Blog &#8212; January 11, 2014","isPartOf":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#website"},"datePublished":"2014-01-11T06:00:00+00:00","dateModified":"2022-05-05T17:27:58+00:00","author":{"@id":"https:\/\/www.investorlawyers.com\/blog\/#\/schema\/person\/e0240e0754684b69f7d6a7de1b9f1431"},"description":"Gary Gensler has stepped down as the chairman of the Commodity Futures Trading Commission. 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