Published January 20, 2017 3:12pm EST | Updated January 20, 2017 4:04pm EST

J. Christopher Giancarlo Named Acting CFTC Chairman

The U.S. Commodity Futures Trading Commission, the federal agency that oversees the commodity futures, options and swaps industry, named J. Christopher Giancarlo acting chairman on Friday. Giancarlo succeeds Timothy Massad, a Democrat, who was appointed by former President Obama in June 2014 and resigned in early January. Giancarlo, a Republican, joined the CFTC as a commissioner in June 2014.