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The Commodity Futures Trading Commission, or CFTC, was created by Congress in 1974 as an independent agency to regulate commodity futures and option markets and, in particular, to protect market participants from price manipulation, abusive sales practices, and fraud.
Generally, any person trading in futures or options on futures on behalf of customers must be registered with the Commission, although the Commodity Exchange Act and CFTC rules do provide certain exemptions from registration requirements.
The Commission also requires that, before any person or firm opens an account for a retail customer, it must provide such customer with a risk disclosure statement that provides certain information as specified by the Commission.
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behee edalati says:
RE: What Is The Role Of The CFTC In Protecting Investors? i have done some trading with dormant trading company and notice there were lots of trading that i did't do and they blame it on computer glige and therefore i lost $40.000.00.
and furthere more they have open my account without having any identfication from me like copy of driver licence and no manual signiture on application, since they open account without any application had been send by me to them. they claim they didn't anything against law they claim they don't need any profe of identification and or manaula application filled by investor.
would please lead me what kind of legall action i can take since this is against anti priotic regulation.
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