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Commodity Futures Trading Commission
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{{short description|Government agency}} {{Use mdy dates|date=April 2018}} {{Infobox government agency | agency_name = Commodity Futures Trading Commission | logo = | logo_width = | logo_caption = | seal = Commodity Futures Trading Commission seal.svg | seal_width = 160 | seal_caption = Official seal | formed = {{start date|1974|10|23}}<ref>{{cite web|url=https://www.cftc.gov/About/HistoryoftheCFTC/history_1970s.html|title=History of the CFTC|work=CFTC}}</ref> | chief6_name = | chief6_position = | chief7_name = | chief7_position = | chief8_name = | chief8_position = | chief9_name = | chief9_position = | parent_department = | parent_agency = | preceding1 = Commodity Exchange Authority | jurisdiction = [[Federal government of the United States]] | headquarters = 1155 21st Street, NW, [[Washington, D.C.]] | employees = 677 (2021)<ref name="Agency Financial Report 2021">{{cite web |url=https://www.cftc.gov/node/238691|title=Agency Financial Report |website=Commodity Futures Trading Commission |access-date=26 July 2021}}</ref> | budget = | chief1_name = [[Caroline Pham]] | chief1_position = Acting Chairman | chief2_name = | chief2_position = | chief3_name = | chief3_position = | chief4_name = | chief4_position = | chief5_name = | chief5_position = | website = {{URL|https://www.cftc.gov/|cftc.gov}} | footnotes = <ref>[https://web.archive.org/web/20100106154604/http://www.cftc.gov/aboutthecftc/historyofthecftc/index.htm History of the CFTC] Retrieved from Internet Archive January 13, 2014.</ref><ref>[https://web.archive.org/web/20090505140823/http://bestplacestowork.org/BPTW/rankings/agency.php?code=CT00&q=scores_small Commodity Futures Trading Commission] Retrieved from Internet Archive January 13, 2014.</ref> }} The '''Commodity Futures Trading Commission''' ('''CFTC''') is an [[Independent agencies of the United States government|independent agency of the US government]] created in 1974 that regulates the U.S. derivatives markets, which includes [[futures contract|futures]], [[Swap (finance)|swaps]], and certain kinds of [[option (finance)|options]]. The [[Commodity Exchange Act]] (CEA), {{UnitedStatesCode|7|1}} ''et seq.'', prohibits fraudulent conduct in the trading of futures, swaps, and other derivatives. The stated mission of the CFTC is to promote the integrity, resilience, and vibrancy of the U.S. derivatives markets through sound regulation.<ref>{{Cite web|url=https://www.cftc.gov/About/MissionResponsibilities/index.htm|title=Mission & Responsibilities {{!}} U.S. COMMODITY FUTURES TRADING COMMISSION|website=cftc.gov|access-date=2019-10-20}}</ref> After the [[2008 financial crisis]] and since 2010 with the [[Dodd–Frank Wall Street Reform and Consumer Protection Act]], the CFTC has been transitioning to bring more transparency and sound regulation to the multitrillion-dollar swaps market.<ref name=wsj>{{cite news |last1= Ackermann |first1=Andrew |date=April 9, 2014 |title=Senate Panel Approves Three Nominees to CFTC – WSJ |url=https://www.wsj.com/news/articles/SB20001424052702304819004579489384108138464 |archive-url=https://web.archive.org/web/20151019105655/https://www.wsj.com/news/articles/SB20001424052702304819004579489384108138464 |archive-date=October 19, 2015 |access-date=April 14, 2018|url-access=subscription }}</ref>
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