The Senate has confirmed the nominations of Dawn Stump and Dan Berkovitz as Commodity Futures Trading Commission (CFTC) Commissioners.
Officials said confirmations of Stump and Berkovitz complete the slate of five commissioners to fulfill the agency’s mission.
“On behalf of the entire agency, I am delighted to welcome Dawn Stump and Dan Berkovitz as Commissioners to the Commodity Futures Trading Commission,” J. Christopher Giancarlo, the Commission’s chairman, said. “The agency’s work to carry out its mission to foster open, transparent, competitive and financially sound markets free from fraud and manipulation has never been more important. I strongly believe that a five-member commission will inform the best and most lasting work possible. Dan and Dawn bring knowledge and experience to the Commission that will be respected and appreciated by all.”
Officials said Stump is currently President of Stump Strategic, a consulting firm she founded in 2016, noting she was previously executive director and senior vice president of U.S. Policy for the Futures Industry Association.
Berkovitz is a Partner and Co-chair of the futures and derivatives practice at the law firm of WilmerHale, officials said, adding he also served as general counsel of the CFTC Commodity Futures Trading Commission from 2009-2013.
Commissioner Brian Quintenz said he is pleased to have Stump and Berkovitz on board.
“Both commissioners bring with them a wealth of knowledge that will be invaluable to our oversight of the American derivatives markets,” Quintenz said. “I look forward to collaborating with all of my fellow commissioners as we work to advance the Commission’s mission.”