CFTC Anti-Manipulation and Anti-Fraud Final Rules

On July 7, pursuant to Section 753 of the Dodd-Frank Act, the CFTC adopted final rules prohibiting manipulation and fraud in connection with any swap, or a contract of sale of any commodity in interstate commerce, or for future delivery on or subject to the rules of any registered entity. Rule 180.2 makes it unlawful for any person, directly or indirectly, to manipulate or attempt to manipulate the price of such instruments. Rule 180.1 prohibits manipulative or deceptive devices and contrivances, employed intentionally or recklessly, regardless of whether the conduct in question was intended to create or did create an artificial price. The final rules will become effective on August 15. CFTC Fact Sheet. CFTC Final Rules.