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And what are you to do, as an exchange trying to maintain compliance, when the CFTC says assets determined to be securities by the SEC are, in fact, commodities
by atdrummond 3y ago
And what are you to do, as an exchange trying to maintain compliance, when the CFTC says assets determined to be securities by the SEC are, in fact, commodities.
- hef19898 3y agoYou pick whatever suites your business best and register either with the SEC or CFTC. Way safer than saying, to hell with it, I do what I want.
- mrguyorama 3y agoYou go to court and hope your lawyers are more convincing than the governments. The CFTC and SEC don't actually have to agree about something for you to be found guilty of a crime.
- adsfgiodsnrio 3y agoThe easiest solution is to avoid trading any futures and then ignore the CFTC as they only have jurisdiction over futures trading. This is not a new problem, nor a difficult one.