CFTC appoints leader of investigation into interdealer broker LIBOR fixing as Chief Counsel


The U.S. Commodity Futures Trading Commission (CFTC) today announced the appointment of Gretchen Lowe as Principal Deputy Director and Chief Counsel in the CFTC’s Division of Enforcement. Ms. Lowe was Acting Director of the Division until the recent appointment of Aitan Goelman as Director.

“Gretchen’s skill and expertise are invaluable to the CFTC, and I am pleased she will have this senior role in the Enforcement Division,” said CFTC Chairman Tim Massad, who recently announced his key hires following his appointment to the leadership position.

“I’m very happy to be working with Gretchen as my Principal Deputy. Her wealth of institutional knowledge and sound judgment will be invaluable to me as we move forward in furtherance of the mission of the Division” stated Mr. Goelman.

Prior to her appointment as Acting Director, Ms. Lowe was the Chief Counsel of the Division. During most of her tenure at the Commission, Ms. Lowe served as an Associate Director.

Ms. Lowe led investigations and prosecutions of many of the CFTC’s most complex cases, including the CFTC’s recent actions against banks and interdealer brokers for manipulation and false reporting of global benchmark interest rates, such as LIBOR, actions against energy companies for attempted manipulation and false reporting of natural gas price indices, and other manipulation, trade practice and internal controls cases. Ms. Lowe also served the Division as Counselor to the Director advising on programmatic legal and policy issues and was a senior trial attorney specializing in manipulation and trade practice.

Ms. Lowe received her undergraduate degree from the University of Rochester and her law degree from the University of Pennsylvania School of Law.

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CFTC appoints leader of investigation into interdealer broker LIBOR fixing as Chief Counsel

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