Economics
CFTC Skips Votes, Bitcoin Ponzi, SAC-Dell E-Mail: Compliance
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Enforcement lawyers at the U.S. Commodity Futures Trading Commission have circumvented formal agency votes to begin investigations unilaterally, according to Scott O’Malia, a Republican member of the commission.
The lawyers at the top U.S. derivatives regulator are using a summary process that doesn’t require a vote by the agency’s members who are confirmed by the Senate, O’Malia said in testimony at a House Agriculture Committee hearing yesterday.