Ms. Sommers focuses on navigating the regulatory regime in place at the Commodity Futures Trading Commission as a result of the Dodd-Frank Act.
Ms. Sommers’ work spans CFTC Title VII rulemakings, swaps rules, position limits, and end-user and commodity pool operator issues. Based on her experience as a CFTC Commissioner, Ms. Sommers also advises companies on how to work with regulators to promote a more efficient, workable regulatory regime.
Ms. Sommers served two consecutive terms as a CFTC Commissioner from 2007 to 2013. In November 2011, Ms. Sommers was named Senior Commissioner with respect to MF Global matters, including overseeing the enforcement division’s investigation and ultimate filing of charges against both the companies as well as senior MF Global executives. Ms. Sommers served as Chairman and Designated Federal Official of the Commission’s Global Markets Advisory Committee, which discussed the regulatory challenges of a global marketplace. She also had the opportunity to represent the U.S. internationally, working with regulators from over 100 countries as Commission Representative to the Technical Committee meetings of the International Organization of Securities Commissions.
Ms. Sommers has worked in a variety of capacities within the derivatives industry throughout her career, including as Policy Director and Head of Government Affairs for the International Swaps and Derivatives Association and Managing Director of Regulatory Affairs for the Chicago Mercantile Exchange.
A native of Kansas, Ms. Sommers graduated from the University of Kansas and started her career in Washington D.C. in 1991 working for Senator Robert J. Dole (R-KS). She has continued her engagement with members of Congress and federal regulators on a variety of financial and commodity industry issues over the past twenty-five years. Currently, Ms. Sommers serves on the board of Everybody Wins! DC and the Ethics Research Board.