Georgetown’s Brummer Calls for Regulators to Diversify Ranks (1)

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.

The Georgetown professor, who gave a keynote speech at an SEC Black History month event ...