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Is this really SEC's bailiwick? Aren't options commodities (and so regulated by CFTC)?


No, options are derivatives and are, in the US, generally regulated by the body regulating the underlying asset; stock/index options are regulated by the SEC, commodities options by the CFTC.


Options are not commodities

They're a derivative, so options of equities are equities and I guess options of commodities are commodities


Neither! Options are derivatives, which are also regulated by the CFTC




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