Statement from Marc H. Morial, President & CEO of the National Urban League, regarding the Nomination of Sharon Bowen to the Commodity Futures Trading Commission

(December 19, 2013) We applaud President Obama’s nomination of Sharon Bowen to the U.S. Commodity Futures Trading Commission (CFTC).  Bowen’s professional success and her track record of achievement on behalf of Americans as Vice Chair of the Securities Investor Protection Corporation make her an incredibly strong choice – and as the first African-American woman nominated to the CFTC, a historic one as well. 
Bowen is a highly regarded lawyer whose career spans a successful corporate, corporate finance and securities practice.  As a respected professional and community leader, Bowen possesses deep knowledge of financial markets, the regulatory requirements and disclosure obligations.  She undoubtedly brings the know-how, diligence, integrity and leadership that will be required to continue to ensure that the CFTC fulfills its mission to protect market users and the public from fraud, manipulation and abusive practices and foster financially sound markets. 
 
Bowen, currently a partner at the global law firm of Latham & Watkins LLP, received a B.A. from the University of Virginia, a J.D. from Northwestern University School of Law, and an M.B.A. from the Kellogg School of Management.
 
We stand fully behind Bowen’s nomination to the CFTC and look forward to a responsible, bipartisan process towards her confirmation.