Business
FMX Futures Exchange Names Dr. Sharon Brown-Hruska to its Board of Directors
NEW YORK, July 20, 2022 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) ("BGC"), a leading global brokerage and financial technology company, today
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[{"type":"text","content":"NEW YORK, July 20, 2022 /PRNewswire/ -- BGC Partners, Inc. (Nasdaq: BGCP) (\"BGC\"), a leading global brokerage and financial technology company, today announced the addition of Dr. Sharon Brown-Hruska to the FMX Futures Exchange Board of Directors. Dr. Brown-Hruska will serve as a Member of the Board and the Regulatory Oversight Committee Chair.\nRobert Allen, President of the FMX Futures Exchange, commented on today's announcement, \"We are pleased to welcome Dr. Sharon Brown-Hruska to the FMX Futures Exchange Board of Directors. Sharon's deep experience in the futures industry and strong regulatory oversight will be invaluable to the FMX Futures Exchange as we pursue our mission to bring competition to the interest rate futures market.\"\nDr. Sharon Brown-Hruska added, \"I'm excited to join the Board of the FMX Futures Exchange. The FMX Futures Exchange is a game-changer that brings smart innovation and cutting-edge technology to the interest rate futures market. This initiative will add much-needed resiliency, capacity, and liquidity to the interest rate futures market to promote competition and reduce systemic risk.\"\nDr. Sharon Brown-Hruska was designated by President Bush to serve as Acting Chairman of the Commodity Futures Trading Commission (CFTC) on July 26, 2004, and served as Acting Chairman until July 10, 2005. She was first nominated to the Commission on April 9, 2002, confirmed by the Senate in August 2002, and sworn in on August 7, 2002. Dr. Brown-Hruska was nominated by President Bush to a second term as a Commissioner and confirmed by the Senate on November 21, 2004, to a term expiring April 13, 2009.\nWhile at the CFTC, Dr. Brown-Hruska served as a member of the President's Working Group on Financial Markets, the President's Corporate Fraud Task Force, and played a leadership role in cooperative enforcement with national and international authorities. She worked closely with staff attorneys and the CFTC Office of Cooperative Enforcement to facilitate interagency actions, including prosecuting manipulation and fraudulent Ponzi schemes in foreign currency, energy, and other commodities. Working with other agencies, she led the agency's efforts in the development of anti-money laundering (AML) and \"Know Your Customer\" requirements and was a leading member of the Financial Literacy and Education Commission.\nDr...