Breaking with Behnam: inside the dysfunction at the CFTC

Policy and personality clashes have left the chairman isolated and slowed rulemaking activity to a crawl

For US Commodity Futures Trading Commission chairman Rostin Behnam, the irony must have been galling – even if he didn’t show it.

As a particularly contentious open meeting of the CFTC on May 10 drew to a close, Democrat commissioner Christy Goldsmith Romero appealed to the press not to focus on partisan divisions within the agency.

Partisan disputes would seem to be the least of Behnam’s problems.

Minutes earlier, Goldsmith Romero had sided with Republicans on the commission to amend a proposed

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