CFTC's Wetjen urges fix to commodity options problem
CFTC commissioner says seven-part test on definition of a swap under Dodd-Frank "was not specific enough or clear enough" for industry participants
A member of the US Commodity Futures Trading Commission (CFTC) has called for the agency to take action on an issue stemming from its Dodd-Frank Act regulations, which has bedevilled energy companies for the past two years.
Mark Wetjen, a centrist Democrat who has served on the CFTC since 2011, said it was time for the agency to resolve the 'seventh prong' problem, which makes it difficult for utilities, natural gas suppliers and other energy firms to determine how certain types of physical
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