Reg AT withdrawal could delay a Biden agenda for the CFTC

Democrats and some lawyers say Tarbert’s new principles don’t achieve same goals as Reg AT

Messing things up
Reg AT’s withdrawal is seen as representing a break from informal rulemaking convention

Lawyers and former staff of the Commodity Futures Trading Commission say the recent withdrawal of a long-debated regulation covering algorithmic trading is a “surprising” step, which could delay any plans the agency might have to revive it if Joe Biden is elected president in November.

One former senior staffer at the CFTC says the scrapping of Reg AT, originally proposed under Democrat chairman Timothy Massad in 2012, would prevent a future CFTC chair from proceeding directly and immediately

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