Ninth Circuit Reverses, Expanding CFTC Reach Over Leveraged Retail Contracts in Monex Case
CFTC Wins Ninth Circuit Reversal in Monex Precious-Metals Case The Ninth Circuit just handed the CFTC a major procedural victory in its long-running fight with Monex, ruling that leveraged retail metals contracts can fall under the agency’s anti-fraud authority even when no clearinghouse or exchange is involved. The decision re-opens a case the district court…
