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Georgetown’s Brummer Calls for Regulators to Diversify Ranks

  • Minorities rarely tapped for top SEC, CFTC roles, he says
  • Law professor releases new data on agencies’ hiring practices
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Financial regulators need to add more Black officials to their top ranks, which would increase awareness of how their policies affect minorities, said Chris Brummer, a Black Georgetown law professor who is among the Biden Administration’s candidates to lead the Commodity Futures Trading Commission.

In its almost 90-year history, just two Black officials have led a major division at the Securities and Exchange Commission and the CFTC has never tapped a Black person to head one of its most-prominent units, according to Brummer’s research.