Closing Statement Of Chairman Gary Gensler, Meeting Of The Commodity Futures Trading Commission

I would once again like to thank the Mr. Berkovitz, Mr. Sherrod and all the members of the staff for a thorough and well-researched recommendation and all the hard work that went into it. Today’s meeting will conclude with the Commission’s first public vote on one of its rules in eight years. I look forward to additional public meetings of the Commission and the transparency to the public that they provide.

The CFTC is charged with a significant responsibility to ensure the fair, open and efficient functioning of futures markets. Our duty is to protect both market participants and the American public from fraud, manipulation and other abuses. Central to these responsibilities is our duty to protect the public from the undue burdens of excessive speculation that may arise, including those from concentration in the marketplace.

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