Bart Chilton Says Lack of Leadership at CFTC Is Big Deal

The transcript discusses the challenges faced by the CFTC due to a shortage of commissioners, which affects its ability to issue subpoenas and enter settlements, potentially delaying justice. The Senate's role in confirming new commissioners is crucial to prevent further operational issues. While exchanges have robust monitoring systems, they lack the authority to issue subpoenas or settle cases, highlighting the importance of the CFTC's role. The absence of commissioners could also impact the ability to pass new market rules.

In what ways do exchanges monitor financial instruments, and how does this relate to the CFTC's responsibilities?

Discuss the importance of reaching settlements in the context of the CFTC's operations.