CFTC Denies OCC Rule Amendment

The Options Clearing Corporation (OCC) submitted a rule amendment, which the CFTC rejected with a notice of non-approval.  The proposed amendment would have treated foreign currency contracts, where the exercise price is fixed at a nominal amount, as securities options.  The CFTC found that the contracts are not bona fide options, but rather the economic and functional equivalent of foreign currency futures.

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Stay On Top Of The Debt Relief Industry's Regulatory Landscape

On November 6-7, 2022, Shipkevich PLLC will be hosting a Regulatory Workshop in Costa Mesa, California focusing on the fundamental regulatory issues facing debt relief professionals and how they can adapt.