⚖️ COURT QUESTIONS CFTC’S AUTHORIZATION OF STOCK FUTURES
A federal court in New York indicated that the CFTC likely lacked the authority to authorize perpetual contracts on individual stocks for retail traders. The judge considered that such instruments are more likely subject to SEC oversight.
But the court declined to halt trading immediately: the plaintiffs failed to prove imminent harm. The proceedings are ongoing, and the CFTC’s response to the motion is due on November 6. This is not a final ruling on the legality of the contracts.
Source: court order dated November 3, case 26-CV-9608.
#CFTC #Регулирование
A federal court in New York indicated that the CFTC likely lacked the authority to authorize perpetual contracts on individual stocks for retail traders. The judge considered that such instruments are more likely subject to SEC oversight.
But the court declined to halt trading immediately: the plaintiffs failed to prove imminent harm. The proceedings are ongoing, and the CFTC’s response to the motion is due on November 6. This is not a final ruling on the legality of the contracts.
Source: court order dated November 3, case 26-CV-9608.
#CFTC #Регулирование