Which of the following organizations has the ultimate regulatory authority in the futures industry?
A)National Futures Association
B)Commodity Futures Trading Commission
C)Commodity Exchange Authority
D)Securities and Exchange Commission
E)none of the above

Question

Quizplus · Accepted Answer

The Commodity Futures Trading Commission (CFTC) is the federal regulatory agency that has ultimate regulatory authority in the futures industry in the United States. The National Futures Association (NFA) is a self-regulatory organization that cooperates with the CFTC in regulating the industry, but it does not have ultimate regulatory authority. The Commodity Exchange Authority (CEA) is an outdated term and does not exist as a regulatory agency. The Securities and Exchange Commission (SEC) has regulatory authority over securities, not futures.

Which of the Following Organizations Has the Ultimate Regulatory Authority