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#Administrative Procedure Act

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CFTC Faces Lawsuit Over Approval of Stock Perpetual Futures Trading
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CFTC Faces Lawsuit Over Approval of Stock Perpetual Futures Trading

Key Highlights: The Commodity Futures Trading Commission (CFTC) is defending its regulatory approach to stock perpetual futures following legal challenges alleging Administrative Procedure Act violations. Alliance secretary Adam Ford cautioned that circumventing established administrative procedures weakens vital safeguards for market participants and investors. Proponents argue that offering regulated perpetual futures under joint CFTC and Securities ...

Cboe- and Citadel-Backed Group Sues CFTC Over US Stock Perpetual Futures Approval
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Cboe- and Citadel-Backed Group Sues CFTC Over US Stock Perpetual Futures Approval

Key Highlights The Commodity Futures Trading Commission (CFTC) is facing a legal challenge alleging it violated the Administrative Procedure Act by authorizing perpetual futures on individual U.S. stocks. CFTC Chairman Michael Selig authorized the novel derivatives under the Commodity Futures Modernization Act of 2000, creating dual regulatory oversight with the SEC to repatriate trading activity ...