Fund Directions

Financial Services partner George M. Silfen was quoted in a Fund Directions article regarding the Commodity Futures Trading Commission's (CFTC) amendments to Rule 4.5. If passed (the ICI and U.S. Chamber of Commerce are challenging the changes in court), as of January 1st the Rule would require a commodity pool operator (CPO), registered or unregistered with the CFTC, to report to the Securities and Exchange Commission (SEC) in addition to the CFTC. Mr. Silfen said "If the rule goes into effect, it may significantly alter how mutual funds invest." He pointed out that some funds may change their strategies to avoid CFTC registration.