Financial futures contracts are regulated by
A)the Commodity Futures Trading Commission.
B)the Federal Trade Commission.
C)the Interstate Commerce Commission.
D)the Options and Futures Commission.

Question

Quizplus · Accepted Answer

Financial futures contracts fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC), which oversees and regulates all futures trading in the United States. The Federal Trade Commission (FTC) primarily focuses on preventing deceptive business practices and enforcing antitrust laws. The Interstate Commerce Commission (ICC) oversaw interstate transportation and rates until it was abolished in 1995. The Options and Futures Commission does not exist; it may have been confused with the Hong Kong Securities and Futures Commission, which regulates derivatives trading in Hong Kong.

Financial Futures Contracts Are Regulated by