Republican CFTC Member Scott O'Malia Steps Down

Law360, Los Angeles (July 21, 2014, 8:48 PM EDT) -- U.S. Commodity Futures Trading Commissioner Scott O'Malia, a Republican, announced his resignation from the swaps regulator on Monday, shortly after the U.S. Senate confirmed three new members to fill vacancies on the five-member panel.

O'Malia will step down Aug. 8 after serving four-and-a-half years, during which time he opposed some of the rules the CFTC implemented under the Dodd-Frank Wall Street Reform and Consumer Protection Act, according to a letter he sent President Barack Obama. O'Malia said he was leaving the position "to pursue other opportunities."...
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