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CFTC To Propose HF Advisors Rule
The Commodity Futures Trading Commission will propose a new rule covering hedge fund managers.
TheCommodity Futures Trading Commission(CFTC) will propose a new rule covering hedge fund managers,FINalternativesreports. The agency is set to hold a hearing on Jan. 26, 2011 regarding the proposed jointSecurities and Exchange Commission(SEC) rule.
The SEC has delayed seven rules, including one that will revise the definition of accredited investor due to funding shortages and it is set to miss a February deadline to release a new rule to cut back on speculative commodity trading. The U.S.Financial Stability Oversight Councilis also implementing the Volcker rule, which strictly limits banks’ alternative investments activities and bars them from proprietary trading.
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