WASHINGTON -- A group representing state and local government finance officers voiced opposition yesterday to proposals released by the Commodity Futures Trading Commission to ease government regulation for an established professional trading market.

"We do not support the establishment of a 'professional trading market' as outlined in the proposed rule or any other action that might decrease regulation of any aspect of the derivatives market at this time," the Government Finance Officers Association said in a comment letter it submitted to the futures trading regulator.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.