Citadel Securities is urging the SEC and CFTC to preserve SEC oversight of equity-linked products amid the growth of new event contracts and perpetual derivatives. The firm argued that equity options and security-based swaps are already covered by federal securities laws and that products linked to US public companies should remain under SEC jurisdiction. Citadel Securities raised concerns about the CFTC’s self-certification process, which allows trading venues to list new products quickly without formal review. The firm warned that this process could be used to circumvent SEC jurisdiction and urged both agencies to reaffirm SEC authority over equity-linked products.
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