Leverage, Not Delivery: Ninth Circuit Broadens CFTC Reach with Monex Ruling
CFTC WINS KEY BATTLE OVER MONEX TRADING The U.S. Court of Appeals for the Ninth Circuit handed the Commodity Futures Trading Commission a major victory Monday, ruling that leveraged precious-metals accounts offered by Monex Credit Company may fall under CFTC jurisdiction as retail commodity transactions. The decision reverses a district court’s earlier dismissal and breathes…
