1992 Futures Trading Practices Act Gives CFTC New Int’l Enforcement Powers

On October 29, 1992, President Bush signed into law the long awaited reauthorization of the Commodity Futures Trading Commission. The reauthorization law, called the “Futures Trading Pratices Act of 1992” among its many important provisions, enhances the CFTC’s international enforcement arsenal. Title III of the Act authorizes the CFTC to conduct investigations for foreign futures authorities to determine whether any person has violated, is violating, or is about to violate any laws, rules, or regulations of that requesting authority…[more]