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National Futures Association

Acting head warns of CFTC underfunding

"Mark Wetjen, acting head of the Commodity Futures Trading Commission, has warned that a lack of funding and staffing for his agency poses big risks to financial markets.

"Mr Wetjen pointed to the collapses of futures brokers MF Global and Peregrine Financial Group as he called for greater funding for his agency, the top US derivatives regulator.

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