CFTC Targets Market Manipulation In New Rules

Law360, New York (October 26, 2010, 11:56 AM EDT) -- The U.S. Commodity Futures Trading Commission on Tuesday approved proposed rules that would create a new regulatory framework for preventing market manipulation.

In a unanimous vote, commissioners cleared the proposed rules to be published in the Federal Register. A 60-day public comment period will follow, after which the CFTC can implement a final rule through a second vote.

The proposal implements provisions of the Dodd-Frank Wall Street Reform and Consumer Protection Act, the financial overhaul measure that became law on July 21, bolstering regulators’ ability to...
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