House Democrats to DOL: Fiduciary Reproposal Should Meet Certain Standards
More than 30 House Democrats sent a letter to Secretary of Labor Hilda Solis that not only thanked her for Phyllis Borzi’s decision to withdraw the DOL’s proposed rule redefining the term fiduciary, but also set out specific areas the new rule should address when it’s reproposed in early 2012.
Rep. Garrett Prods CFTC's Gensler on Dodd-Frank Derivatives Rules
Garrett, chair of House Capital Markets subcommittee, asks CFTC chair to reply to extensive list of 12 questions by June 10.
Forged Comment Letters Surface Ahead of CFTC Hearings
The U.S. Commodity Futures Trading Commission has referred forged comment letters it received to the Justice Department.
SEC, CFTC Hear Testimony on New Rules Governing Swaps
AdvisorOne.com's sister publication, FuturesMag.com, reported Thursday on the Securities and Exchange Commision (SEC) and the Commodity Futures Trading Commission's (CFTC) joint roundtable discussion as the two regulators move to start writing rules governing swaps.
SEC, CFTC to Hold Third Meeting on May 6 Crash
Agenda will focus on role of ETFs in so-called 'flash crash.'
Can Commodity ETFs Survive?
The U.S. Commodity Futures Trading Commission (CFTC) has been waging war against commodity index funds, and visible evidence they are winning that war has...
Washington Outlook Mixed for Futures
CHICAGO (HedgeWorld.com)--Refco's problems aside, this has been a pretty good year for the futures industry. Volumes are up, as are profits and bonuses on Wall Street. Yet despite that success, or perhaps in part because of it, one gets the feeling there is a hint of unease in the glances...
New CFTC Chair Skeptical about SEC Registration Rule
WASHINGTON (HedgeWorld.com)--President George W. Bush designated Commissioner Sharon Brown-Hruska as the new acting chair of the Commodity Futures Trading Commission, effective July 24, 2004. The White House also said that the president plans to nominate Ms. Brown-Hruska to a second term as commissioner, to expire in April 2009. Last month,...
CFTC's Market Oversight Head Retires
WASHINGTON (HedgeWorld.com)--Michael Gorham, director of the division of market oversight, Commodity Futures Trading Commission, resigned that post effective June 30. Mr. Gorham is leaving to become...
Rule Modernization from CFTC Re: CPOs, CTAs
WASHINGTON (HedgeWorld.com)--The Commodity Futures Trading Commission announced that it has modernized a number of rules regarding commodity pool operators and commodity trading advisers. In a statement,...