CFTC Chair Demands More Energy Futures Oversight

Law360, New York (July 13, 2007, 12:00 AM EDT) -- A House subcommittee heard testimony Thursday from the chairman of the Commodities Futures Trading Commission and others on the regulatory needs for energy futures trading, echoing concerns voiced in a Senate hearing last month over transparency, oversight and market integrity.

Speaking to the U.S. House of Representatives Subcommittee on General Farm Commodities and Risk Management, Walter Lukken, chairman of the Commodities Futures Trading Commission, emphasized the need to strengthen the CFTC's oversight role—and to increase its funding so that it may better oversee trading.

“The CFTC...
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