MFA Submits Comments to CFTC Regarding the JOBS Act

MFA submitted comments to the CFTC urging it to harmonize its regulations with the JOBS Act, which eliminates the prohibition on general solicitation or advertising in connection with the non-public offering of securities.  MFA submitted the letter under the CFTC’s Regulation 4.5 Harmonization Proposal, requesting that the Commission under the Harmonization rulemaking harmonize Rules 4.7(b) and 4.13(a)(3) with the JOBS Act.  In the alternative, MFA requested that the CFTC consider the letter as a petition for rulemaking and a request for interim, temporary no-action relief for a commodity pool operator of a privately-offered pool from certain marketing restrictions.