Commodity Futures Trading Commission Chairman to Resign

Options Focus

Brian Louis

12/20/00 - 07:12 PM EST

The Commodity Futures Trading Commission, which regulates the futures markets, said Wednesday Chairman William J. Rainer is resigning, effective Jan. 19.

Rainer was nominated by President Clinton to be the CFTC's eighth chairman on Aug. 4, 1999. The announcement of Rainer's resignation comes on the same day as his counterpart at the Securities and Exchange Commission, Chairman Arthur Levitt, announced he's quitting his post.

Visit TheStreet for more great features

TheStreet Premium Services

From the action-oriented investing ideas of Action Alerts PLUS by Jim Cramer to the expert technical trading strategies of Helene Meisler's Top Stocks, TheStreet.com offers a range of premium services to help boost your portfolio's performance. View now.

Expert Advisors Alerts Delivered to your Inbox

Action Alerts PLUS: Cramer's personal portfolio, emails before he acts.

RealMoney: 70+ experts share their top investing ideas and analysis.

Stocks Under $10: Alerts identify undervalued stocks with profit potential.

FREE NEWSLETTERS

Get an edge on the market with the help of free email newsletters like Jim Cramer's Daily Booyah!. Learn about the day's major market events, companies that sizzled or fizzled and lots more that can help you make more profitable investing decisions. Sign up.