December 29, 2010
By Michael J. McFarlin
Both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) were given monumental tasks by Congress in promulgating rules that will shape the Dodd-Frank Wall Street Reform and Consumer Protection Act, the largest overhaul of the financial markets since the Great Depression. Along with the list of rules to write (see "Financial reform from A to Z"), they were both given very tight timetables for actually completing the job. Some rules, such as those pertaining to retail forex, had deadlines as little as 90 days after the passage of the Act. Most have a one-year deadline from enactment…
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Last Updated: January 5, 2011