Terry Arbit

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Terry Arbit
Occupation Partner
Employer Norton Rose Fulbright
Location Washington, DC
Website http://www.nortonrosefulbright.com/

Terry Arbit is a partner at Norton Rose Fulbright. He was formerly deputy general counsel for the Commodity Futures Trading Commission. Arbit joined the Norton Rose Fulbright Washington, D.C. office in May 2013.


Arbit's legal career began in 1983, serving as a judicial clerk for Justice Charles L. Levin of the Michigan Supreme Court. He then began his career in government at the Resolution Trust Corporation and the FDIC in 1991. Arbit served as lead in-house counsel until 1996. He directed the investigation and litigation of complex professional liability claims against directors, officers, securities and commodities brokers, attorneys, and accountants on behalf of the government as the receiver of failed savings-and-loan institutions.

Arbit spent 17 years working at the CFTC. He was most recently deputy general counsel for legislative and intergovernmental affairs. His role focused on the derivatives reform legislation enacted as part of the Dodd-Frank Act.[1]

From 2007 to 2009, Arbit was the CFTC's acting general counsel. He provided legal counsel to the Commission involving a variety of regulatory, enforcement and policy matters. He played a key role in initiating the CFTC's successful defense of its exclusive jurisdiction over allegations of manipulation in the energy futures markets in the U.S. Court of Appeals for the D.C. Circuit.

He was legal counsel to CFTC Chairman Reuben Jeffery III from 2005 to 2006 and Commissioner Mark P. Wetjen in 2012.

Arbit spent six years in the CFTC's enforcement division before joining the office of general counsel in 2002.[2]


Arbit earned an M.A. and B.A. from the University of Pennsylvania in 1980. He received a Juris Doctor from the University of Chicago Law School in 1983. [3]


  1. Former CFTC Counsel Joins Norton Rose Fulbright's US Member Firm in Washington, DC. The Wall Street Journal.
  2. Terry Arbit. Norton Rose Fulbright.
  3. CFTC Announces Appointments of Terry Arbit as Deputy General Counsel for Regulation and Administration and Brad Berry as Deputy General Counsel for Litigation. U.S. Commodity Futures Trading Commission.