logo

Lukken resigns from CFTC, calls for total overhaul of US regulation


Walt Lukken, acting chairman of the Commodity Futures Trading Commission, said on Tuesday he would leave the agency once Barack Obama takes office as president in January.

Lukken, who was appointed in June 2007 by the Bush administration, said in a speech at the Futures Industry Association’s Expo conference in Chicago that he intended to “leave the commission shortly after stepping aside as acting chairman”.

Lukken told reporters after his speech he had no set plans on what he will do after leaving the CFTC.Lukken’s commissioner seat is due to expire in 2010 and will be filled by the incoming president. The Obama administration will have...

The rest of this article is for subscribers only. Would you like to take a free trial?

Free trial

  • News & Analysis access
  • Extensive data searches
  • Access to archive
  • Weekly newsletter