Markets Prepare For Revamped CFTC Regulation

Law360 (August 7, 2008, 12:00 AM EDT) -- The U.S. Commodities Futures Trading Commission was handed new powers to oversee energy trading as part of the massive farm bill passed on Capitol Hill earlier this year, a move some lawyers said will not greatly change the energy markets but should help level the playing field.

The bill not only reauthorized the CFTC and gave it some teeth in fighting fraud in foreign currency trading, but also closed the long-debated “Enron loophole.”

“This was a fairly moderate response,” Carl Royal of Schiff Hardin LLP said...
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