Commodity Futures Trading Commission
Some of the key events about Commodity Futures Trading Commission
- 1974Established as an independent agency to regulate commodity futures and options markets
- 1974Failed to prevent the Hunt brothers' attempt to corner the silver market, leading to market instability
- 1982Granted authority to regulate foreign exchange trading
- 1987Inadequate oversight contributed to the "Black Monday" stock market crash
- 1992Gained oversight of off-exchange retail foreign exchange contracts
- 1992Insufficient regulation allowed rogue trader Nick Leeson to cause the collapse of Barings Bank
- 2000Authorized to regulate over-the-counter derivatives trading
- 2000Lack of authority to regulate over-the-counter derivatives contributed to the Enron scandal
- 2002Implemented new regulations to enhance market transparency and prevent fraud
- 2008Expanded enforcement efforts during the financial crisis to protect investors
- 2008Insufficient oversight of credit default swaps played a role in the global financial crisis
- 2010Received expanded authority under the Dodd-Frank Act to regulate swaps markets
- 2010Delayed implementation of Dodd-Frank Act provisions, slowing financial reform
- 2012Implemented position limits to prevent excessive speculation in commodity markets
- 2012Failed to detect and prevent the MF Global bankruptcy, resulting in $1.6 billion in missing customer funds
- 2014Inadequate oversight allowed manipulation of foreign exchange markets by major banks
- 2015Introduced new rules to enhance cybersecurity in futures markets
- 2018Criticized for weak enforcement actions against spoofing in futures markets
- 2020Adopted final rules to improve swap data reporting and enhance market transparency
- 2020Faced scrutiny for delayed response to negative oil futures prices during the COVID-19 pandemic
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
Commodity Futures Trading Commission Latest news
U.S. Court Temporarily Allows Congressional Election Betting, Sparking Debate
Court Greenlights Election Betting, Sparking Integrity Concerns
U.S. Court Greenlights Election Betting, Sparking Debate on Democracy
CFTC Approves First Guidelines for Carbon Credit Derivatives Trading
Gaza School Strike, UK Healthcare Crisis, and Japan's Leadership Race
Popular
New Zealand Navy Ship Runs Aground Near Samoa, Crew Safe
Fatal Bear Attack Claims Life of Mushroom Picker in Northern Slovakia
Lisa Blunt Rochester: Poised to Make History in U.S. Senate Race
Trump Returns to Butler Rally Site, Honoring Fallen Hero Amid Tight Security
Albuquerque's Sky Ignites with Color at 52nd Balloon Fiesta
Texas Firm Challenges Lawsuit Transfer in PCAOB Authority Dispute
Judge Overturns CFTC Ban on Political Event Betting, Sparking Debate
Judge Allows First Legal U.S. Election Betting, CFTC to Appeal
Israeli-Canadian Racing Driver Detained in Russia on US Fraud Charges
Gold Hits Record High: Experts Weigh In on Investment Potential
U.S. Government Cracks Down on Election Betting Amid Democracy Concerns
FTX Agrees to $12.7 Billion Payout in Massive Fraud Settlement
FTX Agrees to $12.7 Billion Payout in Massive Crypto Fraud Settlement
FDIC's Sexual Harassment Prevention Efforts Still Lacking, Report Finds
Trump's Crypto Pivot: Promises and Challenges in Regulatory Overhaul
U.S. Court Temporarily Allows Congressional Election Betting, Sparking Debate
A federal appeals court has temporarily lifted the ban on betting for U. S. Congressional elections, allowing Kalshi to resume operations. This decision has ignited discussions about election integrity and market regulation.
Court Greenlights Election Betting, Sparking Integrity Concerns
Federal court allows large-scale wagers on 2024 election outcomes, overruling regulators' objections. Decision raises concerns about potential manipulation and impact on democratic processes.
U.S. Court Greenlights Election Betting, Sparking Debate on Democracy
Federal appeals court allows KalshiEX to offer election outcome betting, rejecting CFTC's concerns. Decision ignites controversy over potential impacts on electoral integrity and financial markets.
CFTC Approves First Guidelines for Carbon Credit Derivatives Trading
The U. S. Commodity Futures Trading Commission has approved guidelines for trading voluntary carbon credit derivatives, aiming to enhance market integrity. This move addresses concerns over quality and double counting in voluntary carbon markets.
Gaza School Strike, UK Healthcare Crisis, and Japan's Leadership Race
An Israeli airstrike on a Gaza school kills UN staff, sparking international condemnation. Britain's NHS faces critical challenges, while Japan prepares for a leadership change amid scandals.
Texas Firm Challenges Lawsuit Transfer in PCAOB Authority Dispute
An anonymous Texas accounting firm petitions to keep its lawsuit against the Public Company Accounting Oversight Board in Texas, highlighting a debate on jurisdiction for challenges to government actions.
Judge Overturns CFTC Ban on Political Event Betting, Sparking Debate
A federal judge has ruled against the CFTC's prohibition on political event betting, allowing Kalshi to offer election outcome contracts. The decision ignites discussions on market influence and democratic integrity.
Judge Allows First Legal U.S. Election Betting, CFTC to Appeal
A federal judge's ruling permits a startup to offer bets on Congressional election outcomes, marking a first in U. S. history. The CFTC plans to appeal, citing concerns over potential election interference.
Israeli-Canadian Racing Driver Detained in Russia on US Fraud Charges
Joshua Cartu, wanted by the US for alleged online trading fraud, was detained in St. Petersburg. Russian authorities extended his detention amid complex international legal implications.
Gold Hits Record High: Experts Weigh In on Investment Potential
Gold prices soar to unprecedented levels, closing above $2,514 per Troy ounce. Experts discuss factors driving the surge and debate the metal's investment value amidst economic uncertainties.
U.S. Government Cracks Down on Election Betting Amid Democracy Concerns
Federal regulators move to ban political prediction markets, sparking debate over their impact on democracy. Companies like PredictIt and Kalshi fight back, arguing for the value of their data and insights.
FTX Agrees to $12.7 Billion Payout in Massive Fraud Settlement
Defunct crypto exchange FTX to compensate investors $12. 7 billion for 2022 bankruptcy losses. Court approves settlement amid fraud charges, marking a significant development in cryptocurrency regulation.
FTX Agrees to $12.7 Billion Payout in Massive Crypto Fraud Settlement
FTX, the collapsed cryptocurrency exchange, has agreed to pay $12. 7 billion to compensate investors following its 2022 bankruptcy. The settlement, approved by a U.S. court, aims to rectify the "massive fraudulent scheme" orchestrated by its founder.
FDIC's Sexual Harassment Prevention Efforts Still Lacking, Report Finds
A new report reveals ongoing deficiencies in the FDIC's sexual harassment prevention efforts, despite recent promises. The agency has agreed to address 24 recommendations by March 2025.
Trump's Crypto Pivot: Promises and Challenges in Regulatory Overhaul
Former President Trump, once critical of cryptocurrencies, now courts the industry with promises of regulatory change. His potential victory could reshape crypto policies, but faces hurdles within the SEC structure.