FOR RELEASE: AUGUST 26, 1996
BROOKSLEY E. BORN SWORN IN AS CFTC CHAIRPERSON
Washington -- Brooksley E. Born was sworn in today as a Commissioner and the seventh Chairperson of the Commodity Futures Trading Commission (CFTC), the federal agency that regulates commodity futures and option trading in the U.S.
The oath of office was administered by CFTC Acting Chairman John E. Tull in a ceremony attended by CFTC senior staff. Ms. Born was nominated by President Clinton on May 3, 1996, and confirmed by the Senate on August 2, 1996, to a term expiring April 15, 1999.
Ms. Born comes to the CFTC from the Washington, D.C., law firm of Arnold & Porter where she has practiced since 1965. As a partner in the firm, Ms. Born specialized in representing institutional and corporate clients in complex litigation, primarily in the federal courts, and in futures regulation matters.
Ms. Born is an active member of the District of Columbia Bar and the American Bar Association (ABA), having served on the ABA's Board of Governors and as a founding member of the Women's Caucus of the ABA. In addition, Ms. Born has served as an Adjunct Professor of Law at the Georgetown University Law Center.
A native of San Francisco, California, Ms. Born received her A.B. degree from in 1961 and her Juris Doctor degree from Stanford Law School in 1964, where she graduated first in her class and served as President of the Stanford Law Review.