WeatherBill C.E.O. David Friedberg hopes to persuade [!?] the Commodities Futures Trading Commission (C.F.T.C.) to change the requirement that currently limits weather derivative traders to accredited investors with a minimum net worth of $1 million.

Posted on August 25, 2008 by Chris F. Masse

Hummmmmmmmm… Quite a bold ambition. I’m very surprised by his statement. Is he naive?

Via our chief economist Michael Giberson.

UPDATE: Did the CFTC relax its ECPs requirement for eBOTs?

About Chris F. Masse

Founder and President of Midas Oracle
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