THIS IS THE AGENCY BEHIND MUCH OF THE FRAUD AND IS STAFFED BY MOST OF THE SAME PEOPLE.  WE NEED TO BE WRITING, EMAILING, AND CALLING THESE PEOPLE WHO ARE WRITING THESE RULES.  AS WITH ALL PUBLIC MEETINGS OF GOVERNMENT AGENCIES....NO ONE KNOWS THEY ARE HAPPENING.  RESPOND TO THE ONE BELOW ABOUT WANTING THE VOLCKER RULE....WE WANT THE GLASS-STEAGALL WALL BACK, BUT THIS WOULD BE A START!

The U.S. Commodity Futures Trading Commission (CFTC)
is an independent agency of the United States government that regulates futures and option markets.

The Commodity Exchange Act (CEA), 7 U.S.C. § 1 et seq., prohibits fraudulent conduct in the trading of futures contracts. In 1974, Congress amended the Act to create a more comprehensive regulatory framework for the trading of futures contracts and created the Commodity Futures Trading Commission, replacing the Commodity Exchange Authority. The stated mission of the CFTC is to protect market users and the public from fraud, manipulation, and abusive practices related to the sale of commodity and financial futures and options, and to foster open, competitive, and financially sound futures and option markets.[3]

The Commission

The Commission consists of five Commissioners appointed by the President to serve staggered five-year terms. The President, with the consent of the United States Senate, designates one of the Commissioners to serve as Chairman. No more than three Commissioners at any one time may be from the same political party.

Commissioners The five commissioners are:
Dodd-Frank Act
  • “The Wall Street reform bill will – for the first time – bring comprehensive regulation to the swaps marketplace. Swap dealers will be subject to robust oversight. Standardized derivatives will be required to trade on open platforms and be submitted for clearing to central counterparties. The Commission looks forward to implementing the Dodd-Frank bill to lower risk, promote transparency and protect the American public.”
                                                                                                                          
  • - CFTC Chairman Gary Gensler
  • Rule-writing schedule  Dodd-Frank Title VII Final Rules and Interpretive Orders the CFTC may consider in 2012
    Released: January 11, 2012

    Rule-writing process As a result of the     Dodd-Frank Wall Street Reform and Consumer Protection Act, the CFTC will write rules to regulate the swaps marketplace.

    The CFTC has identified 32 areas where rules will be necessary. The public is encouraged to provide input on the rule-writing process. Information regarding each rule-writing area will be published as it becomes available.

    The links below provide information on the 32 areas that the CFTC must address in its rule-writing, and also list the proposed rules and final rules issued by the Commission thus far.

    See List of Rulemaking Areas

    View all Proposed Rules, Orders, Guidance and Advance Notices of Proposed Rules

    View all Dodd-Frank Final Rules, Orders and Guidance

    View all Dodd-Frank Open Meetings and Public Roundtables

    External Meetings The CFTC is committed to transparency in the rulemaking process. Information on all meetings that Chairman Gensler and Commission staff have with outside organizations regarding the implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act will be made public. The topics of the meetings, attendees, summaries of the meetings and any materials presented to the CFTC are posted here.

    See List of External Meetings

    Reports and Studies The Dodd-Frank Wall Street Reform and Consumer Protection Act requires the CFTC to conduct a number of studies and reports on a wide variety of issues that affect the derivatives market. Information regarding these reports and studies will be published as it becomes available.

    See List of Reports and Studies

    Text of H.R. 4173: Dodd-Frank Wall Street Reform and Consumer Protection Act Download the PDF of the bill, or

    Read the text on     THOMAS

    Swaps regulation The Dodd-Frank Wall Street Reform and Consumer Protection Act brings comprehensive reform to the regulation of swaps.  These products, which have not previously been regulated in the United States, were at the center of the 2008 financial crisis. 
  • The historic Dodd-Frank bill authorizes the CFTC to:

    Regulate Swap Dealers
  • Swap dealers will be subject to capital and margin requirements to lower risk in the system. 
  • Dealers will be required to meet robust business conduct standards to lower risk and promote market integrity.
  • Dealers will be required to meet recordkeeping and reporting requirements so that regulators can police the markets.


Increase Transparency and Improve Pricing in The Derivatives Marketplace
  • Instead of trading out of sight of the public, standardized derivatives will be required to be traded on regulated exchanges or swap execution facilities.
  • Transparent trading of swaps will increase competition and bring better pricing to the marketplace.  This will lower costs for businesses and their consumers.
Lower Risk to the American Public
  • Standardized derivatives will be moved into central clearinghouses to lower risk in the financial system.
  • Clearinghouses act as middlemen between two parties to a transaction and take on the risk that one counterparty defaults on their obligations.
  • Clearinghouses have lowered risk in the futures marketplace since the 1890s.  The Dodd-Frank bill will bring this crucial market innovation to the swaps marketplace.

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    TAKE A LOOK AT WHAT THEY ARE WORKING AND TAKE THE TIME TO COMMENT ON ANY ISSUE OF INTEREST TO YOU!!