Personal Biography

Sean O'Brien Cota

An American businessman, financial commentator, and policy adviser on American energy and financial market transparency and reform measures. As the President of a third generation family-owned oil company, Cota & Cota Oil, Inc. in Bellows Falls, VT, whom he worked for since 1977, Sean Cota became extremely involved in energy commodity trading in 1988. In 2010, he was named Chairman of the Petroleum Marketers Association of America. He has testified before the United States SenateU.S. House of Representatives, and the Commodity Futures Trading Commission (CFTC) on nine separate occasions; first as an expert panelist on energy trading market functions, and later on the general subject areas of swaps, futures, options, and other 'exotic' structured financial products. He is a member of the CFTC Energy and Environmental Markets Advisory Committee. On March 24, 2011 US Senator Patrick Leahy encouraged US President Barack Obama to appoint him to become the next Commissioner of the CFTC currently led by Gary Gensler after formally nominating him for the post.

Sean Cota is a leader in the Commodity Markets Oversight Coalition, and the Derivatives Reform Alliance, where he provides financial and physical hedging experience and counsel to the groups. He also provided these groups significant counsel in the development of the "Close the Enron Loophole Act" Commodity Futures Modernization.

Professional Profile and Key Qualifications
More than 30 years of in-depth experience in the home/retail energy heating and transportation industries

•Highly regarded professional with a reputation for actively defending the transportation and home energy industries’ interests and in working with industry professionals in the identification and development of strategic priorities across all energy and conservation programs

•Served as President for the New England Fuel Institute(NEFI), Chairman of the Petroleum Marketers Association of America (PMAA), Legislative Chair for the Vermont Fuel Dealers Association (VFDA), and a board director and First Vice Chair of the National Oilheat Research Alliance (NORA) and National Association For Oilheat Research and Education (NAORE)

•Often quoted in the industry media, including Oil Heat Magazine, Fuel Oil News, Oil Heating, Oil & Energy, and appeared in a front-page article of the Wall Street Journal on the heating oil industry

•Testified before Congress and the CFTC ten(10) times as a subject matter expert on supply and demand impacts with speculative forces in energy trading market functions and their impact on the economy

•President of one of the most successful fuel marketing businesses in Vermont

Since 2005, champion of financial reform in commodity markets and in the regulation of financial derivatives

•One of the founders of the Commodities Markets Oversight Coalition(CMOC), a non-partisan and non-profit collation of over 400 commodity-dependent industries, businesses and end-users

•Advisor and member of the Derivatives Reform Alliance(DRA) whose goal is to improve transparency in the over- the-counter markets and establish aggregate position limits across all trading platforms

•Provided advice to Congress and regulators relating to passage and implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act and the “Close the Enron Loophole Act”