While it took a few decades to surface, the fact pattern set forth in the movie "Trading Places" has finally come to pass. However, instead of the alleged wrongdoers bribing a U.S. government.
While it took a few decades to surface, the fact pattern set forth in the movie “Trading Places” has finally come to pass. However, instead of the alleged wrongdoers bribing a U.S..
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The CFTC and the DOJ both now pursue enforcement
actions against trading in commodities based on misappropriation of
confidential information.
Among the many changes resulting from the Dodd-Frank Wall Street
Reform and Consumer Protection Act of 2010 (Dodd-Frank Act), one
that has been slow to develop, but broad in its significance, is
the assertion of authority by the Commodity Futures Trading
Commission (CFTC) to police insider trading and misappropriation of
confidential information in commodities markets. As the primary
regulator for derivatives across a wide range of markets, spanning