CFTC Commissioner O'Malia Issues Statement Supporting the Division of Enforcement's Decision to Seek Commission Approval before Acting

CFTC Commissioner Scott D. O'Malia issued a statement of support in response to the Division of Enforcement's ("DOE") decision to seek CFTC approval of the extension of omnibus orders through a CFTC vote rather than by absent objection. Commissioner O'Malia stated that he believed the absent objection process "sought to circumvent the powers of the Commission," and that he is pleased the DOE reconsidered the policy.

See: Commissioner O'Malia's Statement.