CFTC regulators favour extending Dodd-Frank comment period

Commissioner Jill Sommers took a strong stand about the internal rule-making process at the Commodity Futures Trading Commission (CFTC) during the regulator’s latest rule-making meeting on the Dodd-Frank Wall Street Reform and Consumer Protection Act.

Sommers said she “wholeheartedly” agreed with a proposal to extend the comment period of certain rules for a further 30 days. However, she voted against the actual proposal because the details had not been made available to her until the last minut