Citadel Urges SEC to Assert Regulatory Authority Over Event Contracts Linked to Public Companies

Citadel Securities sent a letter to the SEC and CFTC on September 9, urging the regulators to reaffirm the SEC's oversight of products tied to U.S. public companies and their securities. The letter responds to the CFTC's self-certification process for event contracts, with Citadel arguing that such contracts should fall under SEC jurisdiction to ensure a clear and consistent regulatory framework.