Who looks over or regulates the actions of the foreign exchange markets?
The “Commodity Futures Trading Commission” (CFTC) regulates the foreign exchange markets. They protect investors much in the same way the SEC (Securities Exchange Commission) protects investors of stocks and bonds. This federal regulatory agency was established in 1974and administers the Commodity Exchange Act (The federal act that provides for federal regulation of futures trading.) The CFTC monitors the futures and options on futures markets in the United States.