Commodity Futures Trading Commission - CFTC

Nate Dogg once wrote: “Regulators. We regulate any stealing of his property. And we d*** good, too.”

Regulators will regulate. The U.S. Futures market has a dedicated regulator known as the Commodity Futures Trading Commission (CFTC). The CFTC, created in 1974, regulates the trading of commodity futures and options markets.

The goal is to prevent market manipulation...but somehow Goldman Sachs keeps getting away with it, and only pays a small fine. They also missed out on Bernie Madoff, but they've uncovered a variety of fraud schemes and Ponzi schemes over the years.

The agency operates under the framework of the Commodity Exchange Act (CEA), which was passed in the 1930s at the height of the Great Depression. Isn’t it a bit odd that our entire financial system is still regulated by laws written long before computers were even invented?