I found Commodities Futures Trading Commission (CFTC) Chairman Heath Tarbert’s recently published article on the benefits of principles-based regulation versus rules-based regulation illuminating from a “Compliance 101” perspective.
It’s rare that we get this kind of glimpse into the philosophy of why a particular regulator (CFTC) chooses to regulate a particular industry (commodities and futures trading) a particular way (primarily a principles-based approach).
