ICI and Chamber of Commerce Challenge CFTC Amendment to Rule 4.5

more+
less-

On April 17, the Investment Company Institute and the U.S. Chamber of Commerce filed a complaint challenging the Commodity Futures Trading Commission’s recent changes to its Rule 4.5, which governs registration of registered funds and their advisers as commodity pool operators. The complaint argues that the amendment of Rule 4.5 was arbitrary and capricious, and that the CFTC violated the Administrative Procedure Act and the Commodity Exchange Act.

Click here to read more on the legal challenge.
 

 

Published In: Administrative Agency Updates, Civil Remedies Updates, General Business Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Katten Muchin Rosenman LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »