The Commodity Futures Trading Commission is an independent federal regulatory agency. The Commodity Futures Trading Act of 1974 established the Commodity Futures Trading Commission to administer the Commodity Exchange Act. The Commodity Futures Trading Commission regulates US commodity futures and option markets and protects market users and the public from fraud, manipulation, and abusive practices. Besides its Washington headquarters, the Commodity Futures Trading Commission has offices in New York, Chicago, Kansas City, and Minneapolis. The Commodity Futures Trading Commission has five commissioners, appointed by the President for staggered five-year terms. The role of the commissioners of the Commodity Futures Trading Commission is to maintain fair and orderly markets, enforce market regulations, and protect customers from fraudulent or abusive trading practices. |
