Assertion: loophole | /r/CapableOf | allow the single-stock future
Facets:
value: for u.s. exchanges
type: TRANSITIVE-OBJECT
value: for the creation
type: PURPOSE
Source sentences:
text: It allowed for the creation, for U.S. exchanges, of a new kind of derivative security, the single-stock future, which had been prohibited since 1982 under the Shad-Johnson Accord, a jurisdictional pact between John S. R. Shad, then chairman of the U.S. Securities and Exchange Commission, and Phil Johnson, then chairman of the Commodity Futures Trading Commission.