More MF Global and What it Means

02-Feb-2012 - Yahoo http://finance.yahoo.com/news/exclusive-mf-global-triggers-regulatory-220755040.html CFTC Considering extensive changes to how it regulates and reviews commodity trading institutions:

"Under the current regulatory system, the CFTC does not examine any futures commission merchants such as MF Global itself and instead is reliant on self-regulatory organizations such as CME to oversee them. Gensler has said it is not an ideal system."

"The CFTC changes being proposed would be divided into three groups.
The first batch would include changes to internal policies and procedures, and would most likely not be made public. A second group would involve changes to CFTC rules, and would need to be put out for public comment. The third group would result in changes to the law and would require action from Congress."

28-Jan-2012 ZeroHedge - 3 Months after MF Global Bankruptcy, investigators think the money vaporized.



11 Dec 2011 Unambiguous Wealth 2 – The MF Global Chronicles http://fofoa.blogspot.com/2011/12/unambiguous-wealth-2-mf-global.html

01 Dec 2011 Unambiguous Wealth: http://fofoa.blogspot.com/2011/12/unambiguous-wealth.html

Let's just see what are the objectives of the regulators of the USA, shall we?

SEC - The mission of the U.S. Securities and Exchange Commission is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation.


CFTC - "The CFTC's mission is to protect market users and the public from fraud, manipulation, abusive practices and systemic risk related to derivatives that are subject to the Commodity Exchange Act, and to foster open, competitive, and financially sound markets."


CME Group, which is composed of four Designated Contract Markets (DCMs) or Exchanges called the CME, CBOT, NYMEX, and COMEX, Although all four exchanges have been merged to form CME Group, each exchange remains a separate self-regulatory organization. Although the individual exchange rulebooks have been substantially harmonized, important differences remain.


Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX and COMEX.



US Dept of Treasury

Federal Reserve

FINRA