Rostin Behnam sworn in as a Commissioner of the CFTC

CFTC offices

Rostin Behnam was officially sworn in to serve as a Commissioner of the U.S. Commodity Futures Trading Commission (CFTC), the federal agency that oversees the commodity futures, options and swaps industry. He was unanimously confirmed by the U.S. Senate on August 3. His term expires in June 2021.

I am honored to join the Commission at this critical time, working hard to protect investors and ensure the market is free of fraud and manipulation,” said Commissioner Behnam after his swearing in today. “I look forward to working with Chairman Giancarlo, my fellow and future Commissioners and staff to address the issues before the Commission and support safe, transparent, and competitive markets.

I welcome Russ to the Commission,” said Chairman J. Christopher Giancarlo. “I look forward to working with him cooperatively and collaboratively on the important work that’s ahead of the Commission.

Commissioner Sharon Y. Bowen added:

I look forward to working with Commissioner Behnam on the important matters‎ before us. And I hope that more new Commissioners will be confirmed soon so that the agency can be at full strength.” Bowen has announced she will leave the agency at the end of the month.

Commissioner Brian Quintenz commented: “I am excited to have the opportunity to work with Russ on important matters affecting the derivatives markets, end users, and our economy.

Prior to joining the CFTC, Commissioner Behnam served as senior counsel to U.S. Senator Debbie Stabenow of Michigan, Ranking Member of the Agriculture, Nutrition, and Forestry Committee. He served as counsel to Senator Stabenow since 2011, focusing on policy and legislation related to the CFTC and the Department of Agriculture.

Prior to serving Senator Stabenow, Commissioner Behnam practiced law in New York City and worked at the New Jersey Office of the Attorney General.

Commissioner Behnam is a graduate of Georgetown University and earned a J.D. from the Syracuse University College of Law. He lives with his wife and daughter in Baltimore.

Read Also: