Speculation Legislation

SIFMA and seven other associations provide comments to the Speaker of the House of the U.S. House of Representatives and the House Minority Leader on The Commodity Markets Transparency and Accountability Act of 2008 (H.R.6604).  The groups oppose H.R.6604 because they believe the legislation would negatively impact the U.S. financial markets by reducing liquidity in the U.S. futures and derivatives markets and drive trading overseas. SIFMA co-signed the letter with: the Commodity Markets Council, the Financial Services Forum (FSF), The Financial Services Roundtable (FSR), the Futures Industry Association (FIA), the International Swaps and Derivatives Association, Inc. (ISDA), the Investment Company Institute (ICI), and the Managed Funds Association (MFA).