CFTC changes guard as Selig takes reins, Pham departs

CFTC acting chair Caroline Pham says Monday was her last day at the regulator, with Michael Selig being officially sworn in to chair the agency.

The US Commodity Futures Trading Commission has officially undergone a change of leadership, with acting chair Caroline Pham saying she will leave the agency on Monday, while Mike Selig was sworn in as chair.

Pham, who had been serving as the CFTC’s acting chair since January and its sole commissioner since August, said on Monday that it would be her last day at the agency.

Meanwhile, the CFTC confirmed that Selig was sworn in as the agency’s 16th chairman on Monday after being nominated for the role by President Donald Trump on Oct. 27 and confirmed by the Senate on Thursday.

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