CFTC Chief Sees Bigger Role in Policing Voluntary Carbon Markets

The top US derivatives regulator is eyeing a bigger role in policing voluntary carbon markets.

Rostin Behnam, the chairman of the Commodity Futures Trading Commission, said on Monday that his agency has the power to investigate suspected fraud and manipulation in spot markets if a tipster comes to the agency with evidence of misconduct. It has already done so in cryptocurrencies and the same principle would apply to carbon markets.

Rostin Behnam, chairman of US Commodity Futures Trading Commission

Photographer: Ting Shen/Bloomberg

“There’s a very unique, very small but very powerful authority we have in our enforcement program over cash markets,” Behnam said in an interview at a Commodity Markets ...