Senate confirms three Obama nominees to CFTC

Votes restore top US swaps regulator to a full slate of commissioners

Senate lawmakers on Tuesday confirmed all three of President Barack Obama's nominees for the Commodity Futures Trading Commission, restoring the top US regulator of swaps and other derivatives to a full slate of commissioners.

The Senate, by voice vote, approved senior Treasury Department official Timothy Massad to head the five-member agency, and brokerage executive J. Christopher Giancarlo for an open Republican seat at the CFTC. Massad will succeed Gary Gensler, who stepped down as CFTC chairman in January.

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