Mutual funds that use futures contracts to invest in commodities are regulated, like other mutual funds, by the Securities and Exchange Commission. A recent rule change will require them to be registered with the Commodity Futures Trading Commission as well.
A recent Investment News article cited several advisors and fund managers, including Rick, who doubt whether the double registration will do anything for investors except increase their costs. Rick said, “If anything, we need the right regulation, rather than trying to force two different regulators to mesh.”
Read the entire article here.