Table of Contents
Who is CFTC Chairman?
Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam today announced the following leadership appointments as he begins his chairmanship.
Does the CFTC have authority to take an enforcement action against non registrants?
Non-Registrant Sanctions: CFTC Taking Actions for Failure to File Required Reports. Non-Registrants face many CFTC rules and regulations, and increasingly the obligation to file certain reporting forms, including Forms 204 and 304.
What is CFTC commissioner?
The Commission consists of five commissioners appointed by the President, with the advice and consent of the Senate, to serve staggered five-year terms. The President, with the consent of the Senate, designates one of the commissioners to serve as Chairman.
Who can the CFTC bring enforcement actions against?
The CFTC takes enforcement actions against individuals and firms registered with the Commission, those who are engaged in commodity futures and option trading on designated domestic exchanges, and those who improperly market futures and options contracts.
Is CFTC Enforcement action a criminal?
Criminal activity involving commodity-related instruments can result in prosecution for criminal violations of the CEA and for violations of other federal criminal statutes, including commodities fraud, mail fraud, wire fraud and conspiracy.
What is the role of CFTC?
The Commodity Futures Trading Commission protects the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to fosters open, competitive, and financially sound futures and option markets.
What is CFTC most known for?
The mission of the Commodity Futures Trading Commission is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation. In carrying out this mission, the Commission polices the derivatives markets for various abuses and works to ensure the protection of customer funds.
Can the NFA take Enforcement action?
Enforcement & Registration Actions NFA has the authority to take disciplinary actions against any Member or Associate that violates its rules. If an NFA Member or Associate engages in conduct that puts customers, the futures markets, or other Members at risk, immediate action will be taken accordingly.
Is CFTC enforcement action a criminal?
Who has jurisdiction over commodity swaps?
the CFTC
While the CFTC generally has jurisdiction over swaps and the SEC generally has jurisdiction over security-based swaps, Title VII and the Final Release address in a particular way the peculiarities of derivatives instruments that have features of both swaps and security-based swaps, referred to as “mixed swaps.” A mixed …
What is the CFTC regulation definition?
What Does the CFTC Regulate? The CFTC regulates the U.S. derivatives markets. This includes the commodity futures, options, and swaps markets as well as over-the-counter (OTC) markets.
Is CFTC a government agency?
The Commodity Futures Trading Commission (CFTC) is an independent agency of the US government created in 1974, that regulates the U.S. derivatives markets, which includes futures, swaps, and certain kinds of options.
Who oversees the NFA?
The CFTC’s Division of Swap Dealer and Intermediary Oversight (DSIO) is the CFTC component charged with oversight of NFA and its duties.
Who are the members of the CFTC Commission?
Privacy at the CFTC Careers Chairman & Commissioners Chairman Rostin Behnam Commissioner Kristin N. Johnson Commissioner Christy Goldsmith Romero Commissioner Summer K. Mersinger Commissioner Caroline D. Pham Chairman & Commissioners
Who is the CFTC commissioner for 2022?
Current CFTC Commissioners Chairman Rostin Behnam Sworn in January 4, 2022 (Download High Resolution Image) Commissioner Kristin N. Johnson Sworn in March 30, 2022 (Download High Resolution Image) Commissioner Christy Goldsmith Romero Sworn in March 30, 2022 (Download High Resolution Image) Commissioner Summer K. Mersinger
What is the difference between CFTC and CFTC index?
Commodity Futures Trading Commission(CFTC):The Federal regulatory agency established by the Commodity Futures Trading Act of 1974 to administer the Commodity Exchange Act. Commodity Index:An index of a specified set of (physical) commodity prices or commodity futures prices.
Who are the members of the Texas Commission?
Commissioner Kristin N. Johnson Commissioner Christy Goldsmith Romero Commissioner Summer K. Mersinger Commissioner Caroline D. Pham Chairman & Commissioners The Commission consists of five commissioners appointed by the President, with the advice and consent of the Senate, to serve staggered five-year terms.