Release: #4720-02
For Release: November 1, 2002


Washington D.C. – The Commodity Futures Trading Commission announced today that Commissioner Thomas J. Erickson has submitted a letter of resignation, dated October 28, 2002, to President George W. Bush, effective December 1, 2002. Commissioner Erickson was sworn in as a Commissioner of the CFTC in June 1999. He was nominated by President William J. Clinton and confirmed by the Senate to a term expiring in April 2003.

“The CFTC has a unique and important role in the oversight of financial markets,” said Commissioner Erickson. “My time at the Commission, as a member of the staff and as a Commissioner, has been extremely rewarding. It’s been my privilege to work alongside some of the most dedicated and talented public servants in the federal government. I am grateful for the experience.”