In meeting held by teleconference, CFTC Chairman Heath Tarbert pledges to keep working on the agency's agenda amid the Coronavirus (COVID-19) pandemic.
FIA and its affiliated organizations, FIA PTG and FIA EPTA, issued a following statement in response to calls for short selling bans by global policymakers.
FIA filed a request for no-action relief from the CFTC on March 26 that would allow FCMs to make better use of staff in affiliate or branch locations during the COVID-19 pandemic.
"Keeping all U.S. financial markets open is essential to the well-being of the general economy and vital to maintaining and bolstering investor confidence, particularly once the economy recovers from the effects of this pandemic,” said the group.
FIA formally petitioned the Commodity Futures Trading Commission (CFTC) to amend its rules to clarify the margin treatment of separate customer accounts.
