Font Size: AAA // Print // Bookmark

External Meetings: Commodity Markets Oversight Coalition (CMOC)

1/13/2011 2:00 PM
II. Definitions

XI. End-user Exception

XXVI. Position Limits

CFTC Staff:
Gary Gensler

John Riley
Scott Vinson, National Council of Chain Restaurants

Jim Collura, New England Fuel Institute

Sherri Cabrera, Petroleum Markets Association of America

Floyd Rutherford, Petroleum Markets Association of America

Sean Cota, Cota & Cota

Dale Moore, American Feed Industry Association

Wallace Turbeville, Better Markets

Paul Cicio, Industrial Energy Consumers of America

Mike McLeod, McLeod, Watkinson, & Miller

Sally Veith, Delta Airlines

Craig Mehall, Public Citizen

Amy Hille, American Public Power Association

Ryan Stroschein, Air Transport Association

Mike Stranz, National Farmers Union

Cory Martin, American Bakers Association

Steve Suppan, Institute for Agriculture & Trade Policy

Barbara Roper, Consumer Federation of America

David Kane, Maryknoll Office for Global Concerns

Michael Masters, Masters Capital Management

Ben Hirst, Delta Airlines
Commodity Markets Oversight Coalition
  • Topics discussed: (i) Questions were asked as to whether CFTC has the ability to use fees to fund activities.  (ii) Chairman Gensler was requested to describe the position limits proposed rule approved by the Commission earlier in the day.  (iii) Regarding position limits, the question was asked as to whether the formula for determining limits could be changed in the final rule?  (iv) View was expressed by meeting participant that limits in proposed rule are too high and will not change the amount of speculation in the market.  (v) The definition of 'commercial risk' in the context of the end-user definition.