Obama Budget Punishes CFTC While Providing SEC More Than Requested

HFA Padded
Mark Melin
Published on
Updated on

As the Obama Administration budget was announced today, the Commodity Futures Trading Commission (CFTC) seems to be the agency left out in the cold at a time when regulating over the counter derivatives (OTC) has been identified as a key strategic economic concern.  With between $400 and $600 trillion in previously unregulated derivatives, a significant market crash could literally wipe out the world economy, valued at just over $70 trillion. In the budget proposal, the Securities and Exchange Commission (SEC) was allocated $1.7 billion, representing a slight increase over what had been anticipated.  By contrast the CFTC was allocated $280…

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HFA Padded

Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.