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CED-82-100 1 (1982-07-15)

handle is hein.gao/gaobabdnc0001 and id is 1 raw text is: BY THE COMPTROLLER GENERAL Report To The Congress OF THE UNITED STATES Commodity Futures Regulation-° Current Status And Unresolved Problems GAO recommends that the Congress reau- thorize Federal commodity regulatory pro- grams this year. Since 1978, when the Commission was last reauthorized, it has made progress in developing a regulatory framework to protect commodity customers. The Commission's principal programs--in- cluding registration of commodities profes- sionals, contract approval and market sur- veillance, review of commodity exchanges' efforts to enforce their own rules, and a reparations system--can be improved. GAO makes specific recommendations for upgrad- ing these programs. Despite their need for improvement, these programs must be reauthorized if rapidly expanding futures trading is to operate rea- sonably free from abuse. Even if the ex- changes can assume an increasing share of the responsibility for regulating their own activities--an important Commission objec- tive--there will be a continued need for Federal monitoring of industry self-regula- tory programs. GAO/CED-82-1 00 0o \ JULY 15, 1982 1cc~oU

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