Newedge has urged the US Commodity Futures Trading
Commission to reconsider proposed rules that would place what
it calls an "unreasonably disproportionate burden" of
responsibility on chief compliance officers.
One of the less-noticed parts of the Dodd-Frank Wall Street
Reform and Consumer Protection Act, which became law in July,
was its insistence that swap dealers, major swap participants
and futures commission merchants appoint a chief compliance
officer (CCO), reporting to the board or a senior
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