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CFTC Commissioner Pham Issues Statement on Novel U.S. Location Test, Futures Commission Merchant Registration
May 15, 2024
WASHINGTON, May 15 -- The Commodity Futures Trading Commission issued the following statement on May 13, 2024, by Commissioner Caroline D. Pham on Novel U.S. Location Test and futures commission merchant registration:

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I respectfully concur on In re Falcon Labs Ltd.[1] because the cross-border issues raised in this matter re-open decades of settled Congressional intent and well-established Commission interpretation of the Commodity Exchange Act's (CEA) extraterrito . . .

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