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My Picks for CFTC and SEC Commissioners

Despite repeated inquiries to knowledgeable industry players, there is little buzz about prospective new CFTC and SEC Commissioners outside of the chairmen. So if there is no buzz, then let’s create some of our own in time for the FIA Boca Raton International Conference. 

I am going to give you my top ten potential candidates for each commission in alphabetical order. That they are on the list does not mean they would be willing to serve, but it does mean I believe they are eminently qualified to serve.

I am also going to share with you honorable mentions. These are others who I could also see in these positions. While my list is long, it is not exhaustive. I am sure you can come up with some more suggestions just like that. And I am sure I will hear about it in Boca.

Now, I am not sure that these positions will be filled under the current administration. One way to insure the lack of new regulations is to not appoint regulators. This clearly seems like part of the strategy to shrink the size of the government, by showing how we don’t really need all these political appointees.

But let’s get away from the political discussion and talk about who should be nominated and could hit the ground running to deal with the issues facing the industry.

One last thing about politics. I am not breaking this list down into Democrats and Republicans because frankly I don’t know their party affiliation for the most part. I am sure you can find some Ds and Rs on both lists.

So here goes. They are listed in alphabetical order.

CFTC

  1. Peter Borish
  2. Robert Cox
  3. Gary DeWaal
  4. Ron Filler
  5. Art Hahn
  6. Greg Mocek
  7. Kenneth Raisler
  8. Dawn Stump
  9. Ben Van Vliet
  10. Karen Wuertz

Honorable mention: Peter Johnson, Joe Guinan, Chris Hehmeyer, Peter Wind, Paul Georgy, Cynthia Zeltwanger,  Chris Ferreri, Carl Gilmore, Scott Parsons, Michael Loesch, Gary Barnett, Patrick McCarty, Andrea Corcoran, Jim Overdahl, Ananda Radhakrishnan, Bob Paul, Yvonne Downs, Douglas Bry, Joseph Niciforo, Peter Nabicht, Jay Sorkin, Robert Creamer, Kevin Pilarski, Phupinder Gill, Craig Donohue, Kevin J. P. O’Hara, Terry Savage, Satish Nandapurkar, Thomas Callahan, Carol Burke, Gerard J. Pannekoek, John Bilson, Mike Gorham, Tim Doar, Kim Taylor, Dan Roth.

In this top ten list are traders, regulators, lawyers, academics and a Fed employee.

SEC

  1. Michael Cahill
  2. Peter Clifford
  3. Steve Crutchfield
  4. Joe Gawronski
  5. John Hague
  6. Gary Katz
  7. Robert Newhouse
  8. John M. Ruth
  9. Larry Tabb
  10. Bob Pickel

Honorable mention: Larry Leibowitz, Jon Werts, Andy Nybo, Cliff Histed, Lance Zinman, Clarke Camper, Joe Ratterman, Sandy Frucher, Joseph Mecane, Duncan Niederauer, Tony McCormick, Ed Provost, Thomas Ascher, Neal Wolkoff, Jeff Carter.

In my SEC list are clearing experts, exchange leaders, brokerage executives, market structure experts, accountants, proprietary traders and a former industry association leader.

I am sure I am missing some very qualified people that I could have listed, especially women candidates for the SEC. You always leave someone obvious off. But if I were the new administration or Congress looking for some pro-markets people who could do the job on day one, this is the list I would start with.

These are people who understand the issues and the markets and have tremendous personal integrity. We would be lucky to have any of them serve.

Feel free to share this with the White House and Capitol Hill.

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About Author

Lothian is executive chairman and CEO of John J. Lothian & Co. and editor of the John Lothian Newsletter. He publishes MarketsWiki.com, MarketsReformWiki.com, MarketsWikiEducation.com, JohnLothianNews.com and three industry newsletters.