JP Bruynes Quoted in Compliance Intelligence on CPO Registration
JP Bruynes, a partner in Akin Gump’s investment funds practice, is quoted in Compliance Intelligence discussing new registration requirements for commodity pool operators (CPOs). The Commodity Futures Trading Commission recently issued a set of frequently asked questions (FAQs) regarding CPO registration.
Bruynes pointed out several questions he thought should have been included in the FAQ guidance, such as whether the period of time in which registered CPOs need to prepare and deliver audited financial statements would be extended, and whether, under the JOBS Act, commodity pools may engage in general solicitation. Regarding the latter, he explained, “There’s still the question: Will the JOBS Act be of any benefit to commodity pools since the remaining exemptions...all have a condition that they be privately offered without any general solicitation?”