Breakingviews: Regulator’s Plan to Rein In Trading Risks Raises Concerns

Breakingviews: Regulator’s Plan to Rein In Trading Risks Raises Concerns
Columnist Gina Chon writes that the Commodity Futures Trading Commission is overreaching in its quest for market safety and soundness.  The agency wants the power to obtain access to the source codes of trading companies without a subpoena. Record retention is a worthy goal, but it is unclear whether the strapped regulator can protect such intellectual property. Worse, it may open the door for other officials to ask for the same gateway.