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Futures Regulation

  • OVERVIEW
  • PROFESSIONALS
We represent firms and individual industry professionals in the commodity futures industry. Our clients include futures commission merchants, introducing brokers, commodity trading advisors and commodity pool operators, floor brokers, floor traders, professional traders, proprietary trading operations and execution firms. In addition, we counsel companies that have hedging needs and off-exchange transactions in commodities and derivatives.

We cover all facets of regulation and litigation. We advise and assist with the registration of firms and professionals. We handle the defense of investigations and enforcement actions at the Commodity Futures Trading Commission (CFTC), the National Futures Association (NFA), and the exchanges. We also regularly represent firms and professionals on membership denial actions, member to member arbitrations, and customer-member disputes at every forum including CFTC reparations, federal and state court, the exchanges and NFA.

With the advent of electronic trading, we have found that many of our futures clients’ trading operations have naturally expanded into securities trading, and we counsel our clients on broker-dealer registration and securities exchange membership. Our attorneys who specialize in intellectual property rights regularly advise our clients on the development of trading and trade execution platforms.

Richard T. Reibman

312.580.2205
  • Defense of market manipulation investigations at CFTC and exchanges
  • Representation of a U.S. futures firm in connection with foreign registration issues
  • Formation and registration of a proprietary trading firm that seeks exchange membership
  • Preparation and negotiation of hedging services agreement
  • Defense of a futures exchange member whose floor broker registration was denied due to a prior felony
  • Preparation and negotiation of introducer agreements between futures commission merchants and introducing brokers
  • Analysis of trading advisor exemptions; Preparation of no-action requests to the Commodity Futures Trading Commission
  • Formation of commodity pools, both onshore and offshore