CFTC Proposes Guidance on Prohibition of Disruptive Swap Trading Practices Under Dodd-Frank | Practical Law
An update on the CFTC's proposed interpretive order issued under the Dodd-Frank Act on disruptive non-security-based swap trading practices involving swap execution facilities (SEFs) and designated contract markets (DCMs). The order provides guidance on the types of trading, practices and conduct that violate Section 4c(a)(5) of the Commodity Exchange Act (CEA).