THE WHITE HOUSE
Office of the Press Secretary
PRESIDENT CLINTON NAMES BROOKSLEY ELIZABETH BORN COMMISSIONER AND
CHAIR OF THE COMMODITY FUTURES TRADING COMMISSION
President Clinton today announced his intent to nominate Brooksley Elizabeth Born of the District of Columbia as both Commissioner and Chair of the Commodity Futures Trading Commission (CFTC).
Ms. Born is presently a partner with the Washington law firm of Arnold & Porter, where she has practiced since 1968. Ms. Born specializes in representing institutional and corporate clients in complex litigation, primarily in the federal courts. Ms. Born served as an Adjunct Professor at Georgetown University Law Center from 1972-1973. She clerked for Judge Henry W. Edgerton of the U.S. Court of Appeals for the District of Columbia Circuit Court from 1964 to 1965. Ms. Born is an active member of the bar, having served on the American Bar Association's (ABA) Board of Governors and was a founding member of the Women's Caucus of the ABA. Ms. Born received her A.B. from Stanford University and her J.D. from Stanford Law School where she graduated first in her class and served as the President of Stanford Law Review.
The CFTC regulates all U.S. commodity futures and related options markets, including futures on farm goods, metals, crude oil, Treasury debt, foreign currencies and stock market indices. The Comission is also responsible for assuring the integrity of exchange-traded futures markets and addressing the legal status of off-exchange derivatives.