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CED-78-110 1 (1978-05-17)

handle is hein.gao/gaobaaxfd0001 and id is 1 raw text is: 



BY THE COMPTROLLER GENERAL





OF THE UNITED STATES






  R~a lion OfTheomdiyFurs


McArkeso WhIat Nds To Be Done




Although the Commodity Futures Trading
Commission has made a significant beginning
in extending Federal regulation to segments
of the industry neva  before regulated, much
remains to be done te fully implement the
mandate and congressional intent of the 1974
act which created te commission.
The Commission has been hamriered by a
variety of organizational and management
problems and by weaknesses in planning-
which have prevented it from making optimal
use of its resources. It has also had to contend
with widespread fraud in commodity options
trading.
To enhance Federal regulation of the futures
markets and to promote effective industry
self-regulation, the Commission needs to cor-
rect weaknesseg in such program areas as con-
tract market designations, rule enforcement
review, abusive trading practices, registration,
customer claims, and market surveillance.








                                                                    CED-78-110
        U                                                        MAY 17, 1978

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