Trade groups representing the biggest U.S. financial companies said regulators should re-propose derivatives rules required by the Dodd-Frank Act to give banks, swap dealers and asset managers more time to review them.
For Vincent P. McCrudden , the former hedge-fund manager charged with threatening to kill financial regulators including U.S. Securities and Exchange Commission Chairwoman Mary L. Schapiro , his prosecution is the culmination of a decade-long government vendetta.
The U.S. Commodity Futures Trading Commission ’s deadline for rules governing swap execution facilities to take effect is “too ambitious” and should be delayed at least until January, said the National Futures Association , the industry-funded overseer of futures trading.
A New York asset manager, accused of running unregistered commodity pools, was charged with threatening to kill U.S. financial regulators, including the heads of the Commodity Futures Trading Commission and the Securities and Exchange Commission.
U.S. House Republicans have asked the Commodity Futures Trading Commission’s internal watchdog to ensure Dodd-Frank Act rules for derivatives markets are cost- effective and don’t impose unnecessary burdens on companies.