HFM Compliance Quotes Hedge Funds Partner on New CFTC Rules Effective May 1

In The News
April 15, 2014
Deborah A. Monson

On April 15, hedge funds partner Deborah Monson (Chicago) is quoted in an HFM Compliance article titled “Exclusive: CTAs unprepared for CFTC record keeping.” Ms. Monson explains that many registered commodity trading advisers (CTAs) are not prepared to comply with the new CFTC rules requiring registered CTAs that are members of swap execution facilities or designated contract markets to record all oral communications leading to the execution of a commodity interest transaction. Ms. Monson notes that because the CFTC issued an extension in December, funds are hesitant to prepare again for the upcoming May deadline and expect another extension. She says, “Implementing technology can take two to three months and clients are reluctant to do anything in case of eleventh-hour relief.”


Deborah A. Monson
Deborah A. Monson
Retired Partner