CFTC Chief Pledges to Address Employee Unrest Plaguing Regulator
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The head of the U.S. derivatives regulator is promising employees he will try to address low morale that has caused the agency to be labeled one of the worst places to work in government.
Commodity Futures Trading Commission Chairman Timothy Massad sent an agency-wide e-mail last week pledging changes after a recent federal survey found that just 40 percent of the staff are satisfied with their jobs and pay. Complaints that the CFTC pays less than other financial regulators prompted employees to unionize earlier this year.