‘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…
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