Commodities futures trading commission rules
Rules & Rule Amendments - CFTC
The Commodity Futures Trading Commission or CFTC was founded to regulate the commodities futures market. The Commission is made up of five commissioners appointed by the President of the United States to serve staggered five-year terms. The current members of the Commission are J. Christopher Giancarlo, the acting chairman who was sworn in on June 16 th, and Sharon Y. Bowen, sworn in on June 3 rd There are currently three vacancies on the Commission.
Commissioners from the same political party are limited to three at any one time. The CFTC was created by the U. Congress in and was made effective on April 15 th, The organization replaced the U.
The act instructed the U. Securities and Exchange Commission or SEC and the CFTC to form a joint regulatory regime for the single stock futures market, which began trading in November of Bythe value of the swap market had increased exponentially since swaps were introduced in the late s.
Federal Register :: Agencies - Commodity Futures Trading Commission
That legislation required forex brokers to register with the CFTC and become members of the National Futures Association. In August ofthe CFTC published commodities futures trading commission rules final rules for retail forex transactions.
The rules require the registration of counterparties offering retail how tv serials earn money currency contracts as either retail foreign exchange dealers or RFEDs — a new category of registrant — or as futures commission merchants or FCMs.
In addition, anyone that solicits orders, operates trading pools or exercises discretionary trading authority with respect to retail foreign exchange trading must register as either introducing brokers, commodity pool operators, commodity earn money bux advisors or associated persons of such entities.
In addition, the amount of leverage permitted on U. Because of the strict CFTC guidelines, many of the largest retail online forex brokers will not accept customers residing in the United States. The jurisdiction of the CFTC is within the United States of America.
The main responsibility of the CFTC is to assure the integrity and efficiency of the futures markets in the United States. Their goal is to foster an open, competitive, transparent, and financially sound financial markets. They also wish to avoid systemic risk, so the Commission seeks to protect market users, their funds, consumers, and the general public from fraud, abusive practices and manipulation with respect to derivatives and any other products governed under the Commodity Exchange Act or CEA.
Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit.
The high degree of leverage can work against you as well as for you. OptiLab Partners AB Fatburs Brunnsgata 31 28 Stockholm Sweden Email: You are using an outdated browser. Please upgrade your browser to improve your experience. World's best forex deals and strategy.
Background The CFTC was created by the U. Responsibilities The main responsibility of the CFTC is to assure the integrity and efficiency of the futures markets in the United States. Sign Up Free Demo.