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Comments Sought on Proposed CFTC Rule

Comments Sought on Proposed CFTC Rule

The U.S. Commodity Futures Trading commission (CFTC) announced today that it is solicitng public comment on a proposed rule that would define the term “client” of a commodity trading advisor (CTA) and confirms the CFTC’s anti-fraud authority over all CTAs, irrespective of whether they provide advice on a personalized or nonpersonalized basis. The comment period ends Nov. 28, 2005.

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