CFTC Commissioner Scott O’Malia surprised market participants yesterday by announcing his resignation from the derivatives regulator yesterday. CFTC’s Commissioner resignation would be effective August 8 In a letter to President Barack Obama, O’Malia, who had been at odds with the agency on some of its SWAPs regulations, said his resignation would be effective August 8. “Althought I did not support all 63 rules that the Commission has implemented under Dodd-Frank,” O’Malia wrote in a letter to Obama, “I am pleased to have contributed to the policy deliberations to improve Commission rule-makings and encouraged the Commission to be mindful of negative policy outcomes.”…
O’Malia Leaves CFTC As Corzine Decision Nears
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.