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External Meetings: Commodity Markets Oversight Coalition (CMOC)
When:
1/13/2011 2:00 PM
Rulemaking(s):
II. Definitions
XI. End-user Exception
XXVI. Position Limits
XI. End-user Exception
XXVI. Position Limits
CFTC Staff:
Gary Gensler
John Riley
John Riley
Visitor(s):
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
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
Organization(s):
Commodity Markets Oversight Coalition
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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.
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