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CFTC Nominee Vows To Back Regulatory Reform

Law360 (February 4, 2009, 12:00 AM EST) -- Gary Gensler, President Obama's pick to head the U.S. Commodity Futures Trading Commission, has assured lawmakers of his commitment to regulatory reform and vowed to support new enforcement initiatives if he is confirmed.

In a letter answering 19 questions released by Sen. Carl Levin, D-Mich., Gensler said Wednesday that the financial crisis has made clear that additional safeguards are necessary to protect markets and investors.

“I believe that both our financial system and our regulatory structure have failed the American people. To achieve the regulatory reform...
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