Final CFTC nominee gets friendly hearing, stresses need to act on position limits

摘要

Issuing a final rule to set federal position limits on derivatives is a priority of a nominee to fill a remaining slot at the US Commodity Futures Trading Commission. Testifying before the Senate Agriculture Nutrition and Forestry Committee Tuesday, Dan Berkovitz, a former general counsel at the agency, said "it is essential" that the CFTC complete the rulemaking in a timely manner.