June 8, 2010
Washington, DC – The U.S. Commodity Futures Trading Commission’s (CFTC’s) Division of Clearing and Intermediary Oversight (DCIO) today published an Advisory clarifying the extent to which certain sophisticated customers located in the U.S. may transact in foreign security futures products (FSFPs). The Advisory is intended to address questions raised by members of the public following the Securities and Exchange Commission’s publication of an order on June 30, 2009, which exempts certain sophisticated persons from provisions of the Securities Exchange Act of 1934 that prohibit the offer and sale of FSFPs to U.S. persons.
For more information, refer to the Advisory on the Foreign Markets, Products & Intermediaries subheading under the International tab.
R. David Gary
Last Updated: June 8, 2010