Shipkevich Bitcoin and ICO Attorney
Felix Shipkevich April 8, 2013

The Commodity Futures Trading Commission (CFTC) announced today their plan to finalize regulations to clarify rules concerning persons associated with swap dealers. The final rule, announced today, states that each swap dealer, major swap participant, and other Commission registrants with whom an associated person (AP) is affiliated with, is required to supervise said AP — and — is jointly responsible for the activities of the AP with respect to customers common to it, and any other swap dealer or major swap participant.

The rule goes into effect on June 7, 2013.

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