new rules aimed at making it easier for regulators
Posted: Tue Jul 20, 2010 3:52 am
Commodity Manipulation May Be Easier to Prove After Overhaul
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By Asjylyn Loder
July 19 (Bloomberg) -- Traders will face new rules aimed at making it easier for regulators to prove manipulation in markets for commodities such as oil, wheat and natural gas under the financial overhaul awaiting President Barack Obama’s signature.
The regulations, written in part by Senator Maria Cantwell, a Democrat from Washington state, attempt to relieve the Commodity Futures Trading Commission of the burden of proving a trader intended to manipulate prices. Instead, the CFTC will have to show the trading was “reckless.â€
Share Business ExchangeTwitterFacebook| Email | Print | A A A
By Asjylyn Loder
July 19 (Bloomberg) -- Traders will face new rules aimed at making it easier for regulators to prove manipulation in markets for commodities such as oil, wheat and natural gas under the financial overhaul awaiting President Barack Obama’s signature.
The regulations, written in part by Senator Maria Cantwell, a Democrat from Washington state, attempt to relieve the Commodity Futures Trading Commission of the burden of proving a trader intended to manipulate prices. Instead, the CFTC will have to show the trading was “reckless.â€