U.S. Commodity Futures Trading Commission (CFTC)
CFTC is the acronym for Commodity Futures Trading Commission. It was formed under the Commodities Exchange Act (CEA) to regulate the futures and options markets as an independent agency.
The Commodities Exchange Act makes fraudulent conduct unlawful in trading futures contracts to protect investors. Its purpose is to create open, transparent, competitive, and financially stable markets and avoid systemic risk while protecting market users and their funds and the public from fraud, manipulation, and illegal or abusive practices. In addition, since the financial crisis of 2008, the Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFTC has been pushing for enhancing transparency and stricter regulations for the swaps market.