NFA seeks to close the gaps

In testimony yesterday (Thursday) to the US Commodity Futures Trading Commission/Securities and Exchange Commission joint meeting on regulatory harmonisation in the US, National Futures Association chief executive Dan Roth stated that the main issue around customer protection was not multiple regulators, but a clear framework of what exactly they are regulating.

“From a customer protection point of view, I am not concerned when multiple regulators have jurisdiction, I am much more concerned when no regulator has clear jurisdiction,” he said.