Democrats join Dodd-Frank position limits policy-making

Last week, Democrats in the House and Senate introduced matching bills entitled “Anti-Excessive Speculation Act of 2011.” H.R. 3006 and S. 1598 seek to override the position limits rule currently being drafted by the CFTC. Senator Bill Nelson of Florida and Representative Peter Welch of Vermont...

CFTC relaxes provisions of position limits rule

The final draft of the CFTC’s position limits rule contains key changes relaxing some provisions most hated by large institutions, according to a report by Reuters. However, the Commission has not yielded ground on sections snagging massive passives, nor will the changes convince all institutions not...

UPDATE CFTC finalizes temporary relief from Dodd-Frank

UPDATE 7/15: The CFTC has issued a final order delaying the implementation of Category2 and 3 rules. “In our effort to protect the American public, the CFTC is now approving final rules called for in the Dodd-Frank Act with more final rules to be considered in upcoming meetings next week, in August and...

Chilton on Cheetahs

CFTC Commissioner Bart Chilton continued his campaign to reign in high-frequency traders this week before the American Soybean Association Legislative Forum. High-frequency traders, sometimes known as cheetahs, use high-speed computers and hyper-sensitive algorithms to make lightening fast trades. Chilton...

CFTC finalizes Dodd-Frank anti-manipulation rule

In an open meeting this morning, the CFTC finalized five Dodd-Frank rules, including the anti-fraud and manipulation rules required by Dodd-Frank section 753. The new rule expands the Commissions current enforcement powers, which were recently characterized by Washington Senator Maria Cantwell as “probably...

CFTC releases no-action draft for Dodd-Frank relief

The CFTC has released a draft of a no-action letter intended to supplement the recent proposed order regarding Dodd-Frank relief. The letter addresses three specific Dodd-Frank provisions that, while they fall under the Category 2 exemption, may not actual qualify for the extension proposed in the order. The...

CFTC to discuss Dodd-Frank rulemaking schedule at Sunshine Act Meetings

The CFTC published a notice to the federal register today announcing a series of meetings to discuss rule-making matters to implement provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, including the publication of final Dodd-Frank rules and the issuance of more proposed rules. The...

Gensler: Temporary relief from Dodd-Frank for swaps

Bloomberg is reporting today that Gary Gensler the the CFTC will consider temporarily exempting swaps from Dodd-Frank implementation this July. In a letter sent to Republican Senators Pat Roberts, Richard Lugar, and Saxby Chambliss, Gensler explained that it will only be temporary relief.“The proposed...

CFTC to Hold Open Meeting on Dodd-Frank Act

The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Wednesday, March 30, 2011, at 9:30 a.m. in its Washington, D.C. headquarters to consider the issuance of proposed rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act on the following topics:Parts 1, 5,...

9th Series Meeting of the Proposed Rules under the Dodd-Frank Act Set

The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Thursday, January 13, 2011, at 9:30 a.m. at the CFTC Hearing Room in Washington DC. The meeting will discuss the proposed rules and regulations under the Dodd-Frank Act. Specifically, the CFTC will get the concerns of the public...