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Outgoing commissioner Sommers criticises CFTC approach to Dodd-Frank

Hedge Funds Review – After resigning her post as CFTC commissioner at the start of 2013, Jill Sommers has spoken out about the way the regulator forced compliance with Dodd-Frank when market participants were not ready.

The US Commodity Futures Trading Commission (CFTC) has imposed unnecessary hardships on derivatives market participants by forcing them to comply with complex Dodd-Frank stipulations before they had time to adapt, according to outgoing CFTC commissioner Jill Sommers.

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