Tag u s trading commissioner bart chilton

Bart Chilton was the former Commissioner of the Commodity Futures Trading Commission (CFTC) from 2007 to 2014. He was a strong advocate for financial reform and regulation, particularly in the areas of derivatives and commodities.

Here are some notable quotes and actions from his tenure:

Quotes:

  1. "The derivatives market is a ticking time bomb, and it's going to take a major event to wake people up to the risks."
  2. "We need to make sure that the rules of the game are fair and transparent, and that everyone is playing by the same rules."
  3. "The CFTC's mission is to protect the integrity of the markets, and to ensure that they are fair and transparent."

Actions:

  1. Dodd-Frank Act: Chilton was a key player in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aimed to regulate the financial industry and prevent future crises.
  2. Derivatives Regulation: Chilton was a strong advocate for regulating derivatives, which he believed posed significant risks to the financial system. He pushed for the creation of the Swap Execution Facilities (SEFs) and the Trade Reporting and Compliance Engine (TRACE).
  3. Commodity Futures Trading Commission (CFTC) Reforms: Chilton oversaw significant reforms at the CFTC, including the creation of a new division focused on enforcement and the establishment of a whistleblower program.
  4. Oil Price Manipulation Investigation: Chilton led an investigation into allegations of oil price manipulation by several major oil companies, including BP, Shell, and ExxonMobil.
  5. Cryptocurrency Regulation: Chilton was an early advocate for regulating cryptocurrencies, such as Bitcoin, and warned about the risks of unregulated digital currencies.

Overall, Bart Chilton was a vocal advocate for financial reform and regulation, and his tenure at the CFTC was marked by significant efforts to strengthen market oversight and protect investors.