CFTC Market Oversight Head Steps Down

The Commodity Futures Trading Commission (CFTC) says that Division of Market Oversight (DMO) director Dorothy DeWitt will step down from her role with immediate effect.

DeWitt has led DMO since joining the agency in September 2019. Her departure comes at a time of major change at the CFTC with commissioner Dan Berkowitz stepping down later this month to take up a role as general counsel at fellow regulator the SEC. This leaves the CFTC with only two sitting commissioners instead of a full complement of five.

“On behalf of the entire Commission, I thank Dorothy for the commitment, dedication, and leadership she has demonstrated as DMO director,” says CFTC acting chairman Rostin Behnam. “Her focus on serving the public as well as supporting her Commission colleagues through advocating for greater diversity and staff recognition is commendable, and we wish her the best in future endeavours.”

CFTC Office of International Affairs associate sirector Meghan Tente will serve as the Division’s acting director. She began her CFTC career in the Division of Clearing and Risk and previously served in a number of different capacities in DMO from 2017-2020, including acting deputy director.

“Meghan is a proud product of the CFTC’s intern programme, and has spent her career at the CFTC developing expertise in a number of areas. We are very excited Meghan has agreed to take on this new challenge,” says Behnam.