The National Futures Association
wants to bring back powers it once had
over mutual funds that mainly trade futures contracts, The Financial Times reports
. The regulatory agency two weeks ago asked the Commodities Futures Trading
Commisison to require such mutual funds to register with the NFA.
The NFA had authority over the funds until 2003.
If the proposal gets the CFTC's nod, this could usher in new rules for mutual funds, Bob Enck, CEO of Equinox Fund Management, was quoted in the article as saying.
Armie Margaret Lee
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