Examining the Merits of Dual Regulationfor Single-Stock Futures:How the Divergent Insider Trading Regimes for FederalFutures and Securities Markets Demonstratethe Necessity for (and Virtual Inevitability of) Dual CFTCSECRegulation for Single-Stock Futures
[Excerpt] "Single-stock futures are a recent addition to the financial landscape in the United States and provide retail and institutional investors with a new tool for investment or speculation. So far, the market response to these instruments has been cool. Some observers have argued that the regulatory framework for single-stock futures is a cause of the lack of investor interest. Single-stock futures are regulated by both the Commodities Futures Trading Commission (“CFTC”) and the Securities and Exchange Commission (“SEC”), and this system of dual regulation has been criticized as overly burdensome and unnecessary."
Zachary T. Knepper, Examining the Merits of Dual Regulation for Single-Stock Futures: How the Divergent Insider Trading Regimes for Federal Futures and Securities Markets Demonstrate the Necessity for (and Virtual Inevitability of) Dual CFTCSEC Regulation for Single-Stock Futures, 3 PIERCE L. REV. 33 (2004). Available at http://scholars.unh.edu/unh_lr/vol3/iss1/4