RT Journal Article SR Electronic T1 Risk and the CFMA JF The Journal of Alternative Investments FD Institutional Investor Journals SP 96 OP 99 DO 10.3905/jai.2005.523085 VO 8 IS 1 A1 Philip McBride Johnson YR 2005 UL https://pm-research.com/content/8/1/96.abstract AB The Commodity Futures Trading Commission gives itself enormous praise for legislation enacted in year 2000 and known as the Commodity Futures Modernization Act (CFMA). Is such adulation really warranted? This article endeavors to examine several of the new risks that the CFMA has created in its quest to eliminate “prescriptive” regulation and to offer new trading alternatives to major market participants while liberalizing the operations for the organized exchanges as well.