Release: 5119-05
For Release: September 28, 2005

CFTC PROPOSES RULE CLARIFICATION FOR COMMODITY TRADING ADVISORS

Washington, D.C. – The Commodity Futures Trading Commission (CFTC) announced today that it is soliciting public comment on a proposed rule that would define the term “client” of a commodity trading advisor (CTA) and confirms the Commission’s�antifraud authority over all CTAs, irrespective of whether they provide advice on a personalized or nonpersonalized basis.

The proposed rule amendment will be published in the Federal Register with a 60-day comment period. Copies may be obtained by contacting the Commission’s Office of the Secretariat, Three Lafayette Centre, 1155 21st Street, N.W., Washington, D.C. 20581, (202) 418-5100 or by accessing the Commission’s website, www.cftc.gov. Interested parties may submit their comments electronically at [email protected]. All comments received will be promptly posted on the Commission's website.

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Media Contacts
Alan Sobba (202) 418-5080
R. David Gary (202) 418-5085
Office of External Affairs

Staff Contacts
Barbara S. Gold, Associate Director
Stephen Painter, Staff Attorney
Division of Clearing and Intermediary Oversight
(202) 418-5441

Related Document
Federal Register