NFA Promotes Carol Wooding to Succeed Thomas Sexton as General Counsel

The National Futures Association is the self-regulatory organization for the US derivatives industry.
Photo: Bloomberg

The National Futures Association (NFA), the premier self-regulatory organization in the US, has seen another key position change hands, as Carol Wooding is promoted to Vice President, General Counsel and Secretary. Ms. Wooding succeeds Thomas Sexton, who was promoted in November 2016 to serve as the NFA’s President and CEO effective March 1, 2017.

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Most recently, Carol Wooding worked as associate general counsel at the NFA. She began her career in 1991 as an NFA staff attorney and was subsequently promoted to Assistant General Counsel in 1998 and to Associate General Counsel in 2010.

During the nearly three decades of Wooding’s tenure, trading volume on US futures exchanges has increased more than 400 percent, while customer complaints have decreased by nearly 72 percent, according to the NFA’s metrics.

Ms. Wooding earned her law degree from Loyola University School of Law in addition to a Bachelor of Science Degree in Accounting from DePaul University.

Announcing the appointment, NFA General Counsel Thomas Sexton said: “Carol has a deep understanding of the regulatory issues facing the derivatives markets. She has years of experience developing rules and implementing effective regulatory programs to ensure market integrity and enhance customer protection. With her extensive experience in derivatives regulation and her demonstrated leadership abilities, Carol is well prepared to address the issues facing NFA and the industry.”

The NFA is the self-regulatory organization for the US derivatives industry, including on-exchange traded futures, retail off-exchange foreign currency and OTC derivatives.

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