President George Bush nominated Reuben Jeffery to become the next chairman of Commodity Futures Trading Commission (CFTC) on 17 May.
Pending Senate approval, Jeffery - a Republican - will succeed acting chairman Sharon Brown-Hruska, who has led the agency since Jim Newsome left the post last July to take a position as president of New York Mercantile Exchange (Nymex). Jeffery will serve out the remainder of a five-year term that ends 13 April 2007.
He has been serving as special assistant to the president and a senior director for international economic affairs at the...