Business and Personal Finance Dictionary

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• COMMODITY FUTURES TRADING COMMISSION (CFTC)
  
  The CFTC is an independent agency that regulates the US commodity futures and options markets. The agency's five commissioners, who are appointed by the president for staggered five-year terms, are responsible for maintaining fair and orderly markets, enforcing market regulations, and protecting customers from fraudulent or abusive trading practices. Commodity exchanges also regulate themselves, but any new rules they want to introduce, or any changes they want to make to existing rules, must be approved by the CFTC before they go into effect.
  
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