CFTC gets tough on SROs

Commodity Futures Trading Commission (CFTC) has published a further update on its ongoing review of self-regulation in the US futures industry, containing proposals for more stringent requirements for self-regulatory organisations (SROs).

The document took the form of a request for public comment on a range of SRO issues, specifically including a recommendation made by Futures Industry Association (FIA) to take a fundamentally different approach to the composition of SRO disciplinary boards.

The...