New CFTC Rules: Liability For Fraud-Based Manipulation
August 17, 2011, 12:23 PM EDT
Law360, New York (August 17, 2011, 12:23 PM EDT) -- The Commodity Futures Trading Commission has adopted final rules setting forth its new Prohibition on Employment, or Attempted Employment, of Manipulative and Deceptive Devices (Rule 180.1) and Prohibition on Price Manipulation (Rule 180.2). 76 Fed. Reg. 41,398 (July 14, 2011) (to be codified at 17 C.F.R. Part 180). The commission adopted final Rules 180.1 and 180.2 pursuant to Section 753 of the Wall Street Reform and Consumer Protection Act (Dodd-Frank).
Section 753 of Dodd-Frank amends the Commodity Exchange Act (CEA) to grant the commission expanded authority...