The Commodity Futures Trading Commission (CFTC) is the federal government agency that regulates the commodity futures, commodity options, and swaps trading markets. To help fight fraud, Congress established the CFTC Customer Protection Fund in 2010 and the agency created an Office of Consumer Outreach in 2011. While most individuals do not trade in the commodities markets, the CFTC’s Office of Consumer Outreach has information for those that do.
Always follow these basic principles before you trade in the commodities markets:
There is a great deal of fraud in the commodities markets. Fraudsters steal money from unsuspecting investors and traders. These are a few ways that fraudsters try to beat you out of your money:
You can beat the fraudsters by checking their registration status and background at the National Futures Association’s Background Affiliation Status Information Center (BASIC).
If you have questions, are aware of suspicious activities, or believe you have been defrauded, please let the CFTC know immediately at www.cftc.gov/TiporComplaint.
To learn more about protecting yourself before trading commodities, please visit www.cftc.gov/consumerprotection.