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Questions and Answers
What is the principal function of the Commodity Futures Trading Commission (CFTC) in relation to customer protection rules?
What is the principal function of the Commodity Futures Trading Commission (CFTC) in relation to customer protection rules?
- Approving new futures and options contracts
- Regulating exchanges and floor members
- Enforcing the maximum investment amount per client
- Establishing minimum financial and ethical standards for commodity firms (correct)
Which organization was established as part of a major revision of the Commodity Exchange Act in 1975?
Which organization was established as part of a major revision of the Commodity Exchange Act in 1975?
- Commodity Futures Trading Commission (CFTC) (correct)
- Federal Reserve System
- Self-Regulatory Organization
- National Futures Association (NFA)
What is the role of the National Futures Association (NFA) in relation to the commodities industry?
What is the role of the National Futures Association (NFA) in relation to the commodities industry?
- Regulating exchanges
- Monitoring futures and options prices
- Self-regulatory organization (correct)
- Enforcing margin requirements
Which entity has overall responsibility to regulate futures and options?
Which entity has overall responsibility to regulate futures and options?
What does the National Futures Association (NFA) do with the responsibilities delegated by CFTC?
What does the National Futures Association (NFA) do with the responsibilities delegated by CFTC?
Which function is carried out by both the CFTC and the NFA in regulating commodities?
Which function is carried out by both the CFTC and the NFA in regulating commodities?
What is one of the functions of the CFTC regarding manipulation of futures and options prices?
What is one of the functions of the CFTC regarding manipulation of futures and options prices?
How do exchanges and floor members fall under the regulation of the CFTC?
How do exchanges and floor members fall under the regulation of the CFTC?
What does the NFA assist in within the commodities industry?
What does the NFA assist in within the commodities industry?
What is one specific duty performed by the CFTC to regulate exchanges?
What is one specific duty performed by the CFTC to regulate exchanges?
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