CFTC wants to know your name

The futures industry regulatory agency wants to collect information about owners of U.S. futures trading accounts.

The Commodity Futures Trading Commission (CFTC) said in a statement that the information will improve its market surveillance capabilities.

The following is the statement issued by the regulator:

Washington, DC – The Commodity Futures Trading Commission (CFTC) today approved for publication in the Federal Register a Notice of Proposed Rulemaking that calls for the collection of certain ownership, control and other information for all trading accounts active on U.S. futures exchanges and other reporting entities. The information will be collected via an account ownership and control report (OCR) submitted periodically to the CFTC by reporting entities. Specifically, OCR data will include trading account numbers, the names and addresses of accounts’ owners and controllers, owners’ and controllers’ dates of birth and other information necessary to uniquely identify owners and controllers to identify related trading accounts.

“The CFTC is committed to effective and efficient market oversight to best protect the American public,” CFTC Chairman Gary Gensler said. “OCR data will increase market transparency and strengthen the CFTC’s surveillance of the futures marketplace.”

The Proposed Rulemaking will be published with a 60 day comment period.

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