Commodity Exchange Act Basics for Lawyers

Wednesday, April 27, 2016| 9:00 am – 12:00 pm

Gary E. Kalbaugh
Director & Associate General Counsel
ING Financial Services




  • The Commodity Futures Trading Commission regulates a multi-trillion dollar marketplace. The scope of its regulations make basic knowledge of the governing statute, the Commodity Exchange Act, essential for both lawyers with established practices in other areas of financial law, such as securities or banking law, and for lawyers seeking to develop a practice in derivatives law. This program gives all the basics a lawyer needs to be conversant in and familiar with the Commodity Exchange Act and the regulatory framework for futures, commodity options, swaps, and retail foreign exchange. Additionally, this program addresses which market participants need to register with the Commodity Futures Trading Commission, the treatment of derivatives in bankruptcy, and the requirement that futures be exclusively exchange-traded.

    Live Program/Webcast/DVDs & CDs: $229 Member | $329 Nonmember

    On-Demand: $179 Member | $279 Nonmember 

    Materials Only (No CLE Credit): $99 Member| $129 Nonmember 

  • Futures & Derivatives Committee Chair & Introductory Remarks

    Robert M. McLaughlin                                                          
    Fried, Frank, Harris, Shriver & Jacobson LLP


    Paul M. Architzel                                                 

    Manavinder S. Bains                                                            
    Chief Compliance Officer of the Swap Dealer
    BNY Mellon

    Ian Cuillerier                                                 
    White & Case LLP

    Thomas V. D’Ambrosio                                                                   
    Morgan, Lewis & Bockius LLP

    Guy Dempsey                                                                        
    Katten Muchin Rosenman LLP

    Geoffrey B. Goldman                                                                       
    Shearman & Sterling LLP      

    Julian E. Hammar                             
    Morrison & Foerster LLP

    Rita M. Molesworth                                                
    Willkie Farr & Gallagher LLP

    Ira A. Reid                                                               
    Baker & McKenzie LLP

  • 9:00 am – 9:10 am

    Welcoming Remarks

    Robert McLaughlin

    9:10 am – 10:00 am

    The Commodity Futures Trading Commission (CFTC) &

     its Jurisdiction

    • Description of CFTC’s jurisdiction: futures, commodity options, swaps, & retail foreign exchange.
    • Who are the registrants & what authority does the CFTC have over them?
    • What is the scale & import of the portion of the economy regulated by the CFTC?

    Paul M. Architzel, Ian Cuillerier & Rita M. Molesworth

    10:00 am – 10:55 am

    The Regulation of Futures & Exchange-Traded Commodity Options

    • The CFTC’s “exclusive” jurisdiction & what it means.
    • The oligopoly of designated contract markets.
    • Bankruptcy “safe harbors” for derivatives.
    • Brief overview of the market’s regulatory architecture.

    Manavinder S. Bains, Julian Hammar & Ira A. Reid

    10:55 am – 11:00 am


    11:00 am – 12:00 pm

    The Regulation of Swaps

    • The Empire Strikes Backs: The CFTC’s rise from no jurisdiction over non-retail swaps post-Commodity Futures Modernization Act to jurisdiction over all but security-based swaps post-Dodd-Frank Act.
    • How swaps trade & are regulated.
    • What a practitioner needs to know: Key items to look out for with swaps.

    Thomas V. D’Ambrosio, Guy Dempsey & Geoffrey B. Goldman


  • NY: 3.0 professional practice
    NJ: 3.3 general
    CA: 3.0 general
    PA: 2.5 general

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    * New York residents will be charged the New York sales tax for all audio visual purchases.

  • Sponsorship Opportunities are Available! Please Contact:

    Maricela Alfonso, Membership and CLE Relations Associate | (212) 382-6608 |