Skip to main content

Newsroom

May 14, 2013

Watchdog Probes 1M US Swap Contracts

“A top US financial regulator has launched a broad inquiry into the legitimacy of more than 1m energy and metals transactions by the biggest traders in commodities markets over the past two years.”

“The Commodity Futures Trading Commission has issued a ‘special call’ asking Wall Street banks and other traders to provide documents that would prove recent derivatives transactions known as ‘exchanges of futures for swaps’ were legal. Lawyers at the CFTC enforcement division are also scrutinising the trades for possible violations.”

“‘They are looking at a huge amount of trading,’ an industry lawyer said.”

***

Read the full Financial Times article here.

In the News
Share

MEDIA REQUESTS

For media inquiries, please contact us at
press@bettermarkets.org or 202-618-6433.

Contact Us

For media inquiries, please contact press@bettermarkets.org or 202-618-6433.

To sign up for our email newsletter, please visit this page.

Name(Required)
This field is for validation purposes and should be left unchanged.

Sign Up — Stay Informed With Our Monthly Newsletter

This field is for validation purposes and should be left unchanged.

For media inquiries,

please contact press@bettermarkets.org or 202-618-6433.

Donate

Help us fight for the public interest in our financial markets, protecting Main Street from Wall Street and avoiding another costly financial collapse and economic crisis, by making a donation today.

Donate Today