CFTC Seeks Increased Power Over Energy Markets

Law360, New York (October 24, 2007, 12:00 AM EDT) -- As Congress moves toward reauthorizing the Commodities Futures Trading Commission, the independent federal agency on Wednesday proposed reforms that seek to allow it to regulate more markets — especially energy markets — with increased authority.

CFTC announced several legislative recommendations that it said would increase its regulatory power over exempt commercial markets (ECM).

ECMs are markets for certain fundamentally non-retail commodities, typically energy-related, over which the CFTC has less authority under the currently constituted Commodities Exchange Act (CEA), according to the commission's acting chairman, Walt Lukken....
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