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CFTC Acts To Help Prevent Another Financial Crisis

CFTC ACTS TO HELP PREVENT ANOTHER FINANCIAL CRISIS

The Commodity Futures Trading Commission today adopted two proposed rules establishing phased-in effective dates for financial reforms.  The rules relate to documentation, margining, mandatory clearing and trading.  The rules are expected to be finalized in the coming month and their future effective dates will vary based on the category of market participant.

Dennis Kelleher, president and CEO of Better Markets, made the following comments on the proposed rules:

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