The Clinton administration appears ready to nominate Washington lawyer Brooksley Born to be chairman of the Commodity Futures Trading Commission, industry sources say.

To smooth the way for Ms. Born, whose friendship with Hillary Rodham Clinton, the First Lady, could create political controversy, the administration has named David Spears, an aide to Senate Majority Leader Robert Dole, to the commission's other vacancy.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.