CFTC Refuses to Say if it Has Jurisdiction Over Manipulative Futures Trading by Government

The commission won’t say even if it knows of any futures trading by government, though such trading is public record.

by Chris Powell

Dear Friend of GATA and Gold:

Does the U.S. Commodity Futures Trading Commission have jurisdiction over manipulative futures trading by the U.S. government, other governments, or brokers acting for them?

Is the commission aware of futures trading by governments?

In a letter to U.S. Rep. Alex Mooney, R-West Virginia, dated January 28 and released to GATA yesterday, the commission’s chairman, Heath P. Tarbert, refused to say.

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