On Tuesday, April 17, 2012, a complaint was jointly filed by the Investment Company Institute and Chamber of Commerce against the CFTC in connection with the February rulemaking that would require mutual fund firms and exchange-traded funds to register with the CFTC as commodity pool operators (in addition to the already required registration with the SEC as an investment adviser). The rules are expected to affect roughly 500 mutual fund firms nationwide and exchange-traded funds that rely on commodities investment strategies.
The complaint filed in the US District Court of DC is available here.
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