What Happened?
Washington, DC-based Futures Industry Association has Promoted Allison Lurton as General Counsel
About the Company
FIA is the leading trade organization for the futures, options and cleared swaps markets worldwide. FIA’s membership includes clearing firms, exchanges, clearinghouses and trading firms from more than 25 countries as well as technology vendors, lawyers and other professionals serving the industry. FIA’s mission is to support open, transparent and competitive markets, protect and enhance the integrity of the financial system, and promote high standards of professional conduct. As the principal members of derivatives clearinghouses worldwide, FIA’s member firms play a critical role in the reduction of systemic risk in the global financial markets. FIA along with its affiliated associations, FIA Europe and FIA Asia, make up the global alliance, FIA Global, which seeks to address the common issues facing their collective memberships. FIA provides a forum for discussion on core issues with a goal of building consensus across global industry stakeholders. FIA divisions and working committees are a vital component of this process. They give members the opportunity to discuss common issues, exchange ideas, give input to the FIA board, exchanges and other regulatory and self-regulatory bodies, and network with peers. On a global scale, FIA division and committee initiatives bring industry professionals together to find solutions for common problems and have been critical in helping to deliver actionable solutions and technological tools to address market inefficiencies and other challenges.
About the Person
Allison Lurton is a senior vice president and deputy general counsel at the Futures Industry Association. She started in her position January 14, 2013. She has nearly 20 years of legal experience. In October 2014 the FIA announced Lurton's appointment as general counsel effective Jan. 1, 2015. Before joining FIA, Lurton founded the derivatives practice at the law firm Covington & Burling, where she advised clients on financial regulatory reform, specifically on the implementation of rules related to the Dodd-Frank Act.[3] Prior to joining Covington & Burling, Lurton spent seven years at the Commodity Futures Trading Commission, as a trial attorney for the Division of Enforcement,[4] and as counsel to several commissioners, including Chairman Gary Gensler, Scott O'Malia, Michael Dunn and former CFTC chairman and current FIA president Walt Lukken. She began her career in commercial litigation. Lurton earned a Bachelor of Arts in 1992 from Vanderbilt University, and a Juris Doctor in 1995 from Washington University School of Law. She is a member of the Bar Associations of both Virginia and the District of Columbia.
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