Which of the following statements is INCORRECT?
A) The CFTC must approve new contracts and changes to existing contracts.
B) The CFTC develops rules and regulations that govern the NFA and all futures exchanges.
C) The CFTC detects market manipulations but leaves its prevention and prosecution to the Treasury.
D) The CFTC does research on futures markets and provides technical assistance to government bodies.
E) The CFTC helps coordinate global regulatory efforts.
Correct Answer:
Verified
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