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CFTC: Creates Office of Technology Innovation

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CFTC: Creates Office of Technology Innovation

  • CFTC is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation
  • Chairman Rostin Behnam announced a reorganization of FinTech and customer protection efforts
  • Chairman Behnam is bolstering the agency’s FinTech efforts by creating the Office of Technology Innovation (OTI)
  • FinTech specialist Jason Somensatto, in addition to continuing his role in OTI, will be joining the Chairman’s Office
  • Steve Adamske is the director of the Office of Public Affairs and will also serve as interim director of OCEO
  • The new Office of Technology Innovation will continue the efforts in incorporating innovation and technology
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