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Commodity Futures Trading Commission - CFTC
What does it mean?
A U.S. federal agency established by the Commodity Futures Trading Commission Act of 1974. It ensures the open and efficient operation of the futures markets. There are five futures markets commissioners who are appointed by the president (subject to Senate approval).
In Other Words...
The CFTC guards investors from manipulation, abusive trade practices, and fraud.
Related Links
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Related Terms
Commodity | Commodity Exchange Act - CEA | Futures | National Futures Association - NFA
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