The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Commodity-Using Funds Face New Oversight Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, February 09, 2012

Commodity-Using Funds Face New Oversight

News summary by MFWire's editors

After a nine-year break, mutual funds that use futures and other commodities-tied investing products will again have to register with a second regulatory master. Today, by a vote of four to one, the Commodity Futures Trading Commission (CFTC) released a rule lifting the CFTC-registration exemption such mutual funds had enjoyed since 2003.

Silla Brush of Bloomberg reported on the CFTC's decision. The wire service noted the ICI's staunch opposition to the change on grounds of duplicating oversight, as mutual funds already register with the Securities and Exchange Commission (SEC).

CFTC chairman Gary Gensler issued a statement about the ruling, which will take effect 60 days after the CFTC publishes it in the Federal Register. The lone dissenting commissioner, Jill Sommers, responded with two statements of her own [here and here].

The news, that the CFTC was considering such a change, first broke last month [see MFWire.com, 1/23/2012 and 2/7/2012]. 

Edited by: Neil Anderson, Managing Editor

Stay ahead of the news ... Sign up for our email alerts now

 Do You Recommend This Story?

Return to Top
 News Archives
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Add to My Yahoo!
follow us in feedly

©All rights reserved to InvestmentWires, Inc. 1997-2022
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use