The US Securities and Exchange Commission (SEC) is a government committee established by the US Congress in 1933, and passed the Securities Law 1933 and the Securities Exchange Law 1934, which is responsible for supervising the securities market, protecting the interests of investors and supervising the acquisition projects of American enterprises.
The US Commodity Futures Trading Commission was established by the US Congress on 1974. Its initial task was to supervise the American commodity futures and options market. In the future, the task scope of CFTC will be gradually updated and expanded, especially after the authorization of Commodity Futures Modernization Act (CFMA) in 2000. Responsible for the supervision of commodity futures, options and financial futures and options markets. The task of CFTC is to protect market participants and the public from fraud, market manipulation and improper operation related to commodity and financial futures and options, and to ensure the openness, competitiveness and financial reliability of futures and options markets.