Statement of CFTC Chairman Gary Gensler

April 17, 2012

Washington, DC – Commodity Futures Trading Commission Chairman Gary Gensler today issued the following statement:

“The recent increase in prices of gas at the pump affect every American family. It is but another reminder that markets need to be transparent, competitive, and free of fraud, manipulation and other abuses.  Furthermore, as markets include both hedgers and speculators, it is critical for market integrity that no single speculator is able to obtain an overly concentrated position.

I support President Obama’s five-part plan, which strengthens the CFTC’s existing tools to be effective cops on the beat in the energy markets.  It builds on progress we have already made to shine the light of transparency on the unregulated swaps market and new anti-fraud and anti-manipulation reforms the agency has implemented.”

Last Updated: April 17, 2012