PolicyDecryptabout 2 hours ago
CFTC Clears Stock Perps, Gets Sued
6 min read
The CFTC approved trading in U.S. equity perpetual futures on Tuesday, a move that triggered an immediate lawsuit from the Capital Markets Alliance. While seven exchanges gained approval, the group argues the product belongs to the SEC and that the CFTC violated the Administrative Procedure Act by reversing its prior position without explanation.
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