New Obama appointed controversial CFTC Chairman Gary Gensler was sworn-in yesterday and basically promised “strong, intellectual and aggressive regulation” (Oh God…).
Gensler also stressed the need to “urgently close the gaps in our laws to bring much-needed transparency and regulation to the over-the-counter derivatives market to lower risks, strengthen market integrity and protect investors.”
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My guess is that the Anti-Hedging and the Anti-Pricing requirements were only the tip of the iceberg and that soon I’ll follow my article about the declining number of US Forex brokers with another, shorter one…
Full release as published by the CFTC