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Rajib Chanda Quoted in Ignites Regarding SEC’s Recent Rule Proposal on Limiting Total Derivatives Exposure
Corporate Partner Rajib Chanda was quoted in Ignites, a Financial Times news service in an article titled “SEC Puts Bull’s-Eye on Managed Futures, Leverages ETFs,” which discusses the SEC’s proposed 150% limit on total derivatives exposure. The effect of this limit is to “outlaw” some products that comply with existing laws and regulations, says Rajib. The SEC clearly states in its rule proposal that the new 150% exposure limit would require some funds to change their portfolios to comply with the rule.