The agency responsible for regulation of the futures exchanges and trading in financial futures is the
A) Commodity Futures Trading Commission.
B) Securities and Exchange Commission.
C) Federal Trade Commission.
D) Futures Exchange Commission.

Question

Quizplus · Accepted Answer

The Commodity Futures Trading Commission (CFTC) is the agency responsible for regulating the futures industry in the United States, including trading in financial futures. The Securities and Exchange Commission (SEC) is responsible for regulating securities markets and exchanges, not futures markets. The Federal Trade Commission (FTC) is responsible for protecting consumers and promoting competition in markets, but not specifically for regulating futures. There is no agency called the Futures Exchange Commission.

The Agency Responsible for Regulation of the Futures Exchanges and Trading