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Simple English definitions for legal terms

Commodity Futures Trading Commission

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A quick definition of Commodity Futures Trading Commission:

Commodity Futures Trading Commission: A group of five people who make sure that trading in futures and options contracts is done fairly. They also keep an eye on people who work in the industry, like brokers and salespeople. The commission started in 1975 and is often called CFTC for short.

A more thorough explanation:

The Commodity Futures Trading Commission (CFTC) is a federal commission made up of five members. Its main job is to regulate trading in futures and options contracts. It also keeps an eye on the activities of people and companies involved in the commodity-exchange industry, such as brokerage houses and salespeople who are registered with the commission.

The CFTC was established in April 1975 and is abbreviated as CFTC.

Let's say you want to buy a futures contract for corn. The CFTC would be responsible for making sure that the contract is traded fairly and that the seller of the contract has the corn to deliver when the contract expires. The CFTC would also monitor the activities of the brokerage firm that you use to buy the contract to make sure they are following the rules.

Another example would be if a company wanted to offer a new type of futures contract that hasn't been traded before. The CFTC would review the contract to make sure it's fair and doesn't violate any rules before allowing it to be traded.

These examples illustrate how the CFTC regulates and monitors the commodity futures trading industry to protect investors and ensure fair trading practices.

Commodity Credit Corporation | commodity loan

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20:48
what.jpg @Dkk
CynicalOops
21:03
You think you just fell out of a coconut tree?
jackfrost11770
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nope dk
CynicalOops
22:37
Calvinamala Harris
jackfrost11770
23:16
should i start using letterboxed again
Dkk
23:25
@jackfrost11770: if you want but like it aint for me
dk do u ever eat at bk
Dkk
23:48
@chickenburgahfart: I would do that in the Army if really desperate for food or if I had to work through lunch. One of the few fast food places I go to.
bk so slept on
Dkk
0:23
I will take In N Out everyday over it when I can though.
texaslawhopefully
1:22
In N Out is not only the best fast food place, but the prices too are fantastic
Dkk
1:27
Indeed, indeed.
BulbasaurNoLikeCardio
7:51
@texaslawhopefully: best prices and only fast food that doesn't make me sick
matt gaetz ethics report released
paid for sex with a junior in high school
guarantee people still defend him
BulbasaurNoLikeCardio
9:51
I only read headlines and skimmed a random article of it since I am the only one at work this week. Seems like he is Republican Hunter Biden but not at the paying rent with poop paintings stage
ImpartialLion
9:55
Sent in my transcript at 6 am today and it’s processing. Think it will be processed before lsac closes tmrw?
BulbasaurNoLikeCardio
9:58
I would say it is a toss up, for how much LSAC charges us for everything they are extremely efficient in processing and sending stuff out BUT with a 30% uptake in applicants and the holidays it may be significantly slower unless it is ran through and processed by a computer program. Even if it takes them longer to process it, not like there is anyone at a school to request and review it after LSAC does their thing
Do we know if any of the t14 open at all this week
just called Fordham. they said there will be decisions going out today
so congratulations on pre xmas waves
BulbasaurNoLikeCardio
10:27
Hope schools are chill and just send As leaving the Rs for next month lol
soap
10:49
Fingers crossed for good luck today
BulbasaurNoLikeCardio
10:56
@soap: really hoping to get that UTK call today
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what if instead of a room of one’s own virgina Woolf wrote a cubicle of one’s own
UGA ED deferrals are coming out rn
Only 14 days left until HLS sends out their first wave of decisions. I'm thinking about re-using my advent calendar to help me count down
alcohol advent calendar for decisions sounds incredible
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