| The U.S. Commodity Futures Trading Commission is fixating childishly over Dodd-Frank Act rules while ignoring its traditional responsibility for overseeing futures markets, Commissioner Scott O’Malia said.
“The commission has acted like a little child, abandoning the old toy and ‘swapping’ them out for the new,” O’Malia, one of two Republicans on the five-member panel, said in remarks prepared for a conference at New York Law School. “It has concentrated on swaps rulemaking, while averting its gaze from the futures markets and their developments.”..............................................Full Article: Source
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