CMC Discusses the “Tape Recording” Issue on Policy Call

On yesterday’s CMC member-only policy call, we held an extensive discussion on the CFTC’s onerous and unwarranted “tape recording” rulemaking. CMC members believe that the CFTC has not only failed to do a cost-benefit analysis on the rule but that it has also exceeded its legal jurisdiction by inserting itself into the cash commodities markets. CMC will be ramping up our advocacy on this issue to educate representatives and staff on Capitol Hill while simultaneously attempting to work constructively with the CFTC by suggesting alternative language for the rule.

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