CFTC to Face Senate Scrutiny Over Speculation Curbs

According to various news sources, on October 6th, the CFTC will face Senate inquiry hearing about the trading curbs. The hearing will be led by Senator Carl Levin at the Permanent Subcommittee on Investigation. The CFTC and SEC leading U.S. efforts to write new derivatives rules for the $601 trillion global swaps market after largely unregulated trades helped fuel the 2008 credit crisis. The rules will govern trades conducted by Goldman Sachs … [Read more...]