Financial regulators, such as the Commodity Futures Trading Commission (CFTC), have traditionally prosecuted the perpetrators of fraud and market manipulation. Recently, futures regulators have increased their scrutiny of the supervisory procedures employed by registrants.1
The Commodity Exchange Act2 itself contains no explicit duty to supervise. However, the CFTC imposes supervision duties on commission registrants through Rule 166.3, which “is intended to protect customers by insuring that their dealings with employees of a registrant will be reviewed by other officials in the firm.”3 This regulation provides:
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
