CFTC's Wetjen urges fix to commodity options problem

Energy firms need clarity on 'seventh prong', commissioner says

Mark Wetjen
CFTC commissioner Mark Wetjen

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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