The U.S. Commodity Futures Trading Commission (CFTC) is an independent federal agency founded in 1974 that regulates the futures and options markets. The CFTC’s main objective is to promote transparent, competitive, and financially stable markets while protecting market individuals and the public from fraud, manipulation, and abusive trading practices. The organization is headquartered in Washington, D.C., and is led by a five-member commission, including the chairman, who is appointed by the president and confirmed by the senate. The CFTC is divided into several divisions, including market oversight, swap dealer and intermediary oversight, enforcement, and clearing and risk. The CFTC’s regulatory framework includes the registration and oversight of various market participants, such as futures commission merchants, commodity pool operators, and swap dealers. The organization also sets position limits, monitors trading activity, and investigates complaints and violations of trading rules and regulations. Through its whistleblower program, the CFTC incentivizes individuals to come forward and report wrongdoing in the markets. The agency also engages with international regulators to promote cross-border cooperation and harmonization of regulatory policies. Overall, the CFTC plays a critical role in ensuring the integrity and transparency of the U.S. futures and options markets for all market participants.