‘Shadow Stocks’: Wall Street Watchdog Fights Massive CFTC Stock Perps Push

The amicus curiae brief, filed by Better Markets, former SEC Commissioner Allison Herren Lee, and Harvard Law Professor John C. Coates, argues that single-stock perpetual futures constitute swaps—and, consequently, bypass current Dodd-Frank Act protections for retail investors under the CFTC’s new rules.   Better Markets Files Brief to Challenge CFTC’s Approval Of Perpetual Derivatives The […]