CFTC Commissioner Pham Issues Dissent on Large Trader Reporting Rule
May 01, 2024
May 01, 2024
WASHINGTON, May 1 -- The Commodity Futures Trading Commission issued the following dissent on April 30, 2024, by Commissioner Caroline D. Pham on Large Trader Reporting Rule:
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I respectfully dissent from the Large Trader Reporting Rule primarily because it raises fair notice and due process issues for future regulatory changes. The Commission is also delegating its authority to a non-existent office, which I believe is not only impermissible, but makes no sense.
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I respectfully dissent from the Large Trader Reporting Rule primarily because it raises fair notice and due process issues for future regulatory changes. The Commission is also delegating its authority to a non-existent office, which I believe is not only impermissible, but makes no sense.