Saturday, February 13, 2010

Gensler - CFTC Chairman of the people?

I've chronicled CFTC Chairman Gary Gensler's attempts to increase transparency in futures markets, specifically in derivatives. One proposal is to transfer over-the-counter trading of derivatives into an exchange, where price discovery is more transparent. He is targeting the energy complex, particularly crude oil. We'll see if he ratchets up regulation against price manipulation in the precious metals sector.

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