Futures Commission Merchants have declined from 154 before 2008 to 72
Christopher Giancarlo of US markets regulator the Commodity
Futures Trading Commission (CFTC), has warned the
"mismanagement" of US post crisis financial reforms risks
making US Futures Commission Merchants (FCMs)
In a statement
delivered to a CFTC advisory committee on Tuesday Giancarlo
said "because of a combination of mismanagement by a few, US
monetary policy and over-regulation, FCMs are consolidating at
an alarming rate with dire consequences for
America’s farmers, ranchers and
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