Will CFTC Chairman Gary Gensler Really Curb Manipulation Schemes in the Futures Markets, or is it Another Smoke & Mirrors Game?

Several days ago, various news agencies reported on a plan advocated by Commodity Futures Trading Commission chairman Gary Gensler to significantly curb manipulation schemes executed by big banks in the commodities futures markets through new regulations that will assign and enforce limits on positions held by these firms.

Though decades late, such new r…