The SEC has tried to take over the CFTC numerous times over the years, and still would like to, but it never has gone through because the CFTC is under the jurisdiction of separate committees in Congress - Agricultural committees - that have separate lobby groups etc. and are extremely unlikely to give up jurisdiction.
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Saw on CNBC that SEC will require 25K to go long or short options
- Thread starter noob_trad3r
- Start date
The SEC has tried to take over the CFTC numerous times over the years, and still would like to, but it never has gone through because the CFTC is under the jurisdiction of separate committees in Congress - Agricultural committees - that have separate lobby groups etc. and are extremely unlikely to give up jurisdiction.
CFTC and SEC will be phased out and banks and exchanges will self police to cut down on court costs,lobbying,phone calls to the congress and pay offs...just out all bank accts now property of banks and 2014 will phase out senate and congress and president to lower govt spending,the fed will be in charge of everything
its a smart move options and futures are gambling for the msot part.