NEW YORK -- The Commodity Futures Trading Commission (CFTC) released updated rules to Part 4 of its regulations dealing with registration and compliance obligations for commodity pool operators
lt;p>Persons who solicit orders, exercise discretionary trading authority and operate pools with respect to retail forex would also be required to register, either as introducing brokers, commodity trading advisors, commodity pool operators
, or as associated persons of such entities.
The CFTC order requires MCM, MCA and MA, all of whom are CFTC registrants, jointly and severally, to pay a $25 million civil monetary penalty and restricts their registrations as Commodity Pool Operators
and/or Commodity Trading Advisors for three years.
They also analyze how the regime applies to securities brokers and dealers, foreign banks, investment companies and advisers, futures commission merchants, and commodity pool operators
and trading advisers.
Debbie has represented registered and exempt commodity pool operators
and commodity trading advisors for nearly 30 years and also regularly advises mutual funds, banks, insurance companies, endowments and foundations on commodities law matters.
On September 9, 2014, the staff of the Commodity Futures Trading Commission ( CFTC ) issued an exemptive letter providing relief to commodity pool operators
( CPOs ) from having to comply with certain conditions in CFTC Rules 4.
Wilmington Trust has extensive experience in active total return and liquidity strategies for institutional clients such as corporations, municipalities, community banks, commodity pool operators
, hedge funds, captive insurance companies, executive compensation plans, pension plans, endowments, and foundations, among others.
In 2013, Data Agent also launched Form CPO-PQR filings service for Commodity Pool Operators