CFTC delivers: CFTC Chairman James Newsome promised futures market intermediaries that they would receive the same kind of common sense reforms that exchanges saw as part of the Commodity Futures Modernization Act. Here's how they work.(Managed Money)(Commodity Futures Trading Commission)

Futures (Cedar Falls, Iowa), November, 2003 by Collins, Daniel P.

More than a year ago. alternative investment managers and futures industry representatives gathered in Washington to present their wish list to regulators at the roundtable on commodity pool operator and commodity trading advisor issues. The purpose of the roundtable was for the Commodity Futures Trading Commission (CFTC) to collect more information to better meet its commitment of providing intermediary relief. The focus was on examining areas of regulatory overlap and suggesting solutions.

One year later, the CFTC has completed a series of rule-making reforms that will make life easier for fund managers and futures commission merchants (FCM) alike, but the problem of dual regulation involves both the CFTC and the Securities and Exchange Commission (SEC) and...

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