CFTC plan to ease audits of industry exams doesn't go far enough, self-regulators say

11 September 2018 7:29am
A US Commodity Futures Trading Commission proposal to relax outside audits of derivatives industry self-policing groups doesn’t go far enough, a committee of self-regulatory organizations said.

The organizations called for less frequent audits of their examinations of futures brokers’ customer-fund safeguards.

The current time-frame for the audits is once every three years. The CFTC proposal would relax that to every five years.