On June 3, the Senate confirmed the appointment of Timothy Massad, Christopher Giancarlo and Sharon Bowen as Commissioners of the Commodity Futures Trading Commission. Mr. Massad, who previously served as the Assistant Secretary for Financial Stability at the US Department of the Treasury, was subsequently sworn in as Chairman of the CFTC. Mr. Giancarlo, a financial services industry veteran, joins the CFTC from GFI Group where he served as the Executive Vice President. Prior to joining the CFTC, Ms. Bowen was a securities attorney and the acting chair of the Securities Investor Protection Corporation. 

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