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The US has served as the poster child for regulation, viewed as an overregulated market that stifles business by some, and a bastion against the abuse that is prevalent elsewhere by others.
With foreign exchange (FX) rigging and LIBOR scandals plaguing the financial services industry, many insiders and individuals have looked to the futures market as the next area of focus that is in need of some changes. Presently, the futures market is overseen by a variety of entities, including the two paramount organizations, the National Futures Association (NFA), and the Commodity and Futures Trading Commission (CFTC).
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