Dunn v. Commodity Futures Trading Commission (1996)
- Docket
- 95-1181
- Decided
- 1996-01-01
Summary
Question: Does the Commodity Futures Trading Commission have the authority to regulate "off exchange" trading in options to buy or sell foreign currency? Conclusion: No. In an opinion authored by Justice John Paul Stevens, The Court ruled that the "Treasury Amendment" of the Commodity Exchange Act exempts from the Commodity Futures Trading Commission regulation off exchange trading in foreign currency options. "The arguments favoring each side in the important public policy dispute over whether off exchange foreign currency options should be exempt from CEA regulation are best addressed to the Congress, not the Courts," wrote Justice Stevens.