ืžื•ืคืขืœ ืข"ื™
Regulation & Legal

ืคืจื™ืฆืช ื“ืจืš ืจื’ื•ืœื˜ื•ืจื™ืช: ืชื™ืื•ื SEC-CFTC ืžืกืžืŸ ื ืงื•ื“ืช ืžืคื ื” ืขื‘ื•ืจ ืฉื•ืงื™ ื”ืงืจื™ืคื˜ื• ื‘ืืจื”"ื‘

ื ื›ืชื‘ ืข"ื™
ืฉืชืฃ
ืคืจื™ืฆืช ื“ืจืš ืจื’ื•ืœื˜ื•ืจื™ืช: ืชื™ืื•ื SEC-CFTC ืžืกืžืŸ ื ืงื•ื“ืช ืžืคื ื” ืขื‘ื•ืจ ืฉื•ืงื™ ื”ืงืจื™ืคื˜ื• ื‘ืืจื”"ื‘

ืจื’ื•ืœื˜ื•ืจื™ื ืคื™ื ื ืกื™ื™ื ื‘ืืจื”โ€ื‘ ืžืื•ืชืชื™ื ืขืœ ืคืจื™ืฆืช ื“ืจืš ื‘ืคื™ืงื•ื— ืขืœ ืžื˜ื‘ืขื•ืช ื“ื™ื’ื™ื˜ืœื™ื™ื, ื•ืžืชืงืจื‘ื™ื ืœืคื™ืงื•ื— ืžืชื•ืื ื›ืืฉืจ ื”ืงื•ื ื’ืจืก ืžืงื“ื ื—ืงื™ืงืช ืžื‘ื ื” ืฉื•ืง, ืฉื™ื ื•ื™ ืฉืžื˜ืจืชื• ืœืกื™ื™ื ืืช ื”ื›ืœืœื™ื ื”ืžืคื•ื–ืจื™ื ื•ืœื”ื‘ื™ื ื‘ื”ื™ืจื•ืช ืœืฉื•ื•ืงื™ ื”ื ื›ืกื™ื ื”ื“ื™ื’ื™ื˜ืœื™ื™ื ื”ืžืชืคืชื—ื™ื ื‘ืžื”ื™ืจื•ืช.

ืคืจื•ื™ืงื˜ ืงืจื™ืคื˜ื• ืžืชื—ื™ืœ ื›ืืฉืจ ื”ืกื•ื›ื ื•ื™ื•ืช ืžืชื›ื•ื ื ื•ืช ืœื—ื•ืง ืžื‘ื ื” ืฉื•ืง ื—ื“ืฉ

ืจื’ื•ืœื˜ื•ืจื™ื ืคื™ื ื ืกื™ื™ื ื‘ืืจื”โ€ื‘ ืงื™ื“ืžื• ื’ื™ืฉื” ืžืชื•ืืžืช ืœืคื™ืงื•ื— ืขืœ ื ื›ืกื™ื ื“ื™ื’ื™ื˜ืœื™ื™ื ื“ืจืš ืžืืžืฅ ื‘ื™ืŸ-ืกื•ื›ื ื•ืชื™ ื—ื“ืฉ. ืฉื™ืชื•ืฃ ืคืขื•ืœื” ืžืฉื•ืชืฃ ื‘ื™ืŸ ืจืฉื•ืช ื ื™ื™ืจื•ืช ืขืจืš (SEC) ื•ื•ื•ืขื“ืช ื”ืžืกื—ืจ ื‘ื—ื•ื–ื™ื ืขืชื™ื“ื™ื™ื ืขืœ ืกื—ื•ืจื•ืช (CFTC) ืžืชืžืงื“ ื‘ื”ืจืžื•ื ื™ื–ืฆื™ื” ืฉืœ ืจื’ื•ืœืฆื™ื” ื‘ืฉื•ืง ื”ืงืจื™ืคื˜ื• ื›ืืฉืจ ื”ืงื•ื ื’ืจืก ืžืชืงื“ื ืœื—ืงื™ืงืช ืžื‘ื ื” ืฉื•ืง.

ื‘ื–ืžืŸ ืฉื“ื™ื‘ืจ ื‘ืžื˜ื” ื”-CFTC, ื™ื•โ€ืจ ื”-SEC, ืคื•ืœ ืก. ืื˜ืงื™ื ืก, ื”ืฆื”ื™ืจ: โ€œื›ืžื•ื‘ืŸ, ื‘ื–ืžืŸ ืฉืื ื—ื ื• ืžื“ื‘ืจื™ื, ื”ืงื•ื ื’ืจืก ืžืขื•ืœื ืœื ื”ื™ื” ืงืจื•ื‘ ื™ื•ืชืจ ืœืฉืœื•ื— ื—ืงื™ืงืช ืžื‘ื ื” ืฉื•ืง ื“ื•-ืžืคืœื’ืชื™ืช ืœืฉื•ืœื—ื ื• ืฉืœ ื”ื ืฉื™ื ื˜ืจืืžืค. ืžืกื’ืจืช ืคื“ืจืœื™ืช ืœืฉื•ื•ืงื™ื ืฉืฆืขื“ื• ืงื“ื™ืžื” ื‘ืžื”ื™ืจื•ืช ื•ื‘ื—ื•ื›ืžื” ื”ื™ื ืžื–ืžืŸ ืขืงื‘ ื–ืžืŸ. ืืš ื—ืงื™ืงื” ื‘ืœื‘ื“ ืื™ื ื” ื™ื›ื•ืœื” ืœืกืคืง ืืช ื”ื•ื“ืื•ืช ืฉืœื” ืžืฉืงื™ืขื™ื ื•ื—ืœืงื™ืงื™ ืฉื•ืง ื–ืงื•ืงื™ื.โ€ ื”ื•ื ื”ื•ืกื™ืฃ:

โ€œื–ื• ื”ืกื™ื‘ื” ืฉืื ื™ ืฉืžื— ืฉื™ืฉ ืœื™ ืืช ื”ื”ื–ื“ืžื ื•ืช ืœืขื‘ื•ื“ ืขื ื™ื•โ€ืจ ืกืœื™ื’ ืœื™ื™ืฉื ื›ืœืœื™ื ื‘ืจื•ืจื™ื ื•ืขืงืจื•ื ื™ื™ื ืœืฉื•ืงื™ ื ื›ืกื™ ืงืจื™ืคื˜ื•.โ€

ืื˜ืงื™ื ืก ืชื™ืืจ ืืช ืคืจื•ื™ืงื˜ ืงืจื™ืคื˜ื• ื›ืื—ื“ ื”ืžืืžืฅ ื”ื›ื™ ืฉืืคืชื ื™ ื‘ืฉื™ืชื•ืฃ ืคืขื•ืœื” ื‘ื™ืŸ ื”ืฉืชื™ื™ื ืกื•ื›ื ื•ื™ื•ืช ื‘ืขืฉื•ืจื™ื ื”ืื—ืจื•ื ื™ื ื•ื”ื“ื’ื™ืฉ ื›ื™ ืฉื™ื ื•ื™ ื—ืงื™ืงืชื™ ื—ื™ื™ื‘ ืœื”ืฉืชืœื‘ ืขื ื‘ื™ืฆื•ืข ืจื’ื•ืœื˜ื•ืจื™ ืžื•ืงืคื“. ื”ื•ื ืฆื™ื™ืŸ ืฉื›ืฉื™ืชืคื™ ืคืขื•ืœื” ืื—ืจื•ื ื™ื ื‘ื›ื•ืชืจื•ืช ื”-SEC ืงื‘ืขื• ื˜ื™ืคื•ืœ ืจื’ื•ืœื˜ื•ืจื™ ืœืžื™ืžืงื•ื™ื ื™ื, ืกื˜ื™ื™ื‘ืœืงื•ื™ื ื™ื, ื›ืจื™ื”, ืกื˜ื™ืงื™ื ื’, ื—ื•ื‘ืช ื”ื‘ืจื•ืงืจ, ืื—ืจื™ื•ืช ื”ืกื•ื›ืŸ ื”ืžืขื‘ื™ืจ, ื•ืกื™ื“ื•ืจื™ ื”ื—ื–ืงื” ื›ื•ืœืœื™ื ืขื ืžื•ืกื“ื•ืช ืคื™ื ื ืกื™ื™ื ืžื•ืจืฉื™ื ืžืกื•ื™ืžื™ื ื‘ืžื“ื™ื ื•ืช. ื”ืฆืขื“ื™ื ื”ืœืœื• ืžืฉืงืคื™ื ืฉื™ื ื•ื™ ืœืขื‘ืจ ื”ืชืขืจื‘ื•ืช ื‘ื•ื ื” ื•ืคื™ืงื•ื— ืฆืคื•ื™ ืฉืžื™ื•ืขื“ืช ืœืฉื—ื–ืจ ืืช ื”ืืžื•ืŸ ืฉืœ ื”ืžื—ื“ืฉื™ื ื‘ื–ืžืŸ ืฉืฉื•ืžืจื™ื ืขืœ ืชืงื™ื ื•ืช ื”ืฉื•ืง.

ืงืจื ืขื•ื“: ื”-SEC ืžื‘ื”ื™ืจ ืืช ื›ืœืœื™ ื ื™ื™ืจื•ืช ื”ืขืจืš ื”ืžื•ื ื–ืขื™ื, ืคื•ืชื— ืืช ื”ื“ืœืช ืœืžื ื™ื•ืช ืžืจืฉืช ืžืื•ืคืฉืจื•ืช

ื‘ื”ืชื™ื™ื—ืกื•ืช ืœื™ื™ืฉื•ื, ืื˜ืงื™ื ืก ื”ืกื‘ื™ืจ:

โ€œื›ืฆืขื“ ืจืืฉื•ืŸ, ืขื™ืฆื‘ื ื• ืืช ืคืจื•ื™ืงื˜ ืงืจื™ืคื˜ื• ื›ืš ืฉื›ืฉื”ืงื•ื ื’ืจืก ื™ืคืขืœ, ื”ืกื•ื›ื ื•ื™ื•ืช ืฉืœื ื• ื™ื”ื™ื• ืžื•ื›ื ื•ืช ืœื™ื™ืฉื ื›ืœ ื—ืงื™ืงื” ื—ื“ืฉื” ื‘ื ืืžื ื•ืช ื•ื‘ืžื—ืฉื‘ื”.โ€

โ€œื‘ื”ืชื‘ื•ื ื ื•ืช ืœืขืชื™ื“, ื–ื” ืื•ืžืจ ืœืคืจื•ืก ื›ืœ ื›ืœื™ ืฉื‘ืจืฉื•ืชื ื• ื›ื“ื™ ืœื”ืคื—ื™ืช ื—ื™ื›ื•ืš, ืœื”ืจืžื•ื ื™ื–ืฆื™ื” ืฉืœ ืกื˜ื ื“ืจื˜ื™ื ื•ื”ื’ื“ืจื•ืช ื›ืฉืžืชืื™ื, ืœืฆื™ื™ื“ ืฉื•ื•ืงื™ื ื‘ื‘ื™ื˜ื—ื•ืŸ ื›ืืฉืจ ื”ืงื•ื ื’ืจืก ืžืฉืœื™ื ืืช ื”ืขื‘ื•ื“ื” ื”ื—ืฉื•ื‘ื” ืฉืœื”ื,โ€ ื”ืกื‘ื™ืจ ื™ื•โ€ืจ ื”-SEC.

ื”ื•ื ื”ื“ื’ื™ืฉ ื›ื™ ืฉื•ื•ืงื™ื ืžื•ื“ืจื ื™ื™ื ืื™ื ื ืžืชืื™ืžื™ื ืขื•ื“ ืœื’ื‘ื•ืœื•ืช ื”ืจื’ื•ืœื˜ื•ืจื™ื™ื ื”ื™ืฉื ื™ื ื•ื”ื–ื”ื™ืจ ื›ื™ ืคื™ืงื•ื— ืžืคื•ืฆืœ ื™ื•ืฆืจ ื‘ืœื‘ื•ืœ ื‘ืžืงื•ื ื”ื’ื ื•ืช. ื‘ื–ืžืŸ ืกื™ื•ื ื“ื‘ืจื™ื• ื”ื•ืกื™ืฃ ืื˜ืงื™ื ืก: โ€œื‘ืืžืฆืขื•ืช ืคืจื•ื™ืงื˜ ืงืจื™ืคื˜ื•, ืื ื—ื ื• ื™ื›ื•ืœื™ื ืœืขื–ื•ืจ ืœื”ื‘ื˜ื™ื— ืฉื–ื” ื™ื™ื‘ื ื” ื›ืืŸ, ืชื—ืช ื›ืœืœื™ื ืฉืžื’ื ื™ื ืขืœ ืžืฉืงื™ืขื™ื, ืชื•ืžื›ื™ื ื‘ื—ื“ืฉื ื•ืช ื•ืžื‘ืกืกื™ื ืืช ื”ื”ื•ื‘ืœื” ืฉืœ ืืžืจื™ืงื” ื‘ืžืขืจื›ืช ื”ืคื™ื ื ืกื™ืช ื”ื’ืœื•ื‘ืœื™ืช.โ€ ื”ื•ื ื”ื‘ื™ืข ืื•ืคื˜ื™ืžื™ื•ืช ื›ื™ ืฉื™ืชื•ืฃ ืคืขื•ืœื” ืžืžื•ืฉืš ื‘ื™ืŸ ื”-SEC ืœ-CFTC ื™ื—ืœื™ืฃ ืืช ื”ืชื—ืจื•ืช ื”ืชื—ื•ื ืžื”ืขื‘ืจ ืœืคื™ืงื•ื— ืžืชื•ืื ื”ืžืฉืงืฃ ื›ื™ืฆื“ ื”ืฉื•ื•ืงื™ื ืžืชืคืงื“ื™ื ื”ื™ื•ื.

ืฉืืœื•ืช ื ืคื•ืฆื•ืช ๐Ÿงญ

  • ืžื”ื• ืคืจื•ื™ืงื˜ ืงืจื™ืคื˜ื• ื•ืžื“ื•ืข ื”ื•ื ื—ืฉื•ื‘ ืœืžืฉืงื™ืขื™ื?
    ืคืจื•ื™ืงื˜ ืงืจื™ืคื˜ื• ื”ื•ื ื™ื•ื–ืžื” ืจื’ื•ืœื˜ื•ืจื™ืช ืฉื ื•ืขื“ื” ืœื”ื›ื™ืŸ ืืช ื”ืจื’ื•ืœื˜ื•ืจื™ื ื”ืคื™ื ื ืกื™ื™ื ืฉืœ ืืจื”โ€ื‘ ืœื™ื™ืฉื ืืช ื—ื•ืงื™ ืžื‘ื ื” ื”ืฉื•ืง ื”ืงืจื™ืคื˜ื•ื’ืจืคื™ื™ื ื”ืงืจื‘ื™ื ืขื ื™ื•ืชืจ ื‘ื”ื™ืจื•ืช ื•ืขืงื‘ื™ื•ืช ืœืžืฉืงื™ืขื™ื.
  • ื›ื™ืฆื“ ื™ื›ื•ืœื” ื—ืงื™ืงืช ืžื‘ื ื” ื”ืฉื•ืง ืฉืœ ืืจื”โ€ื‘ ืœืขืฆื‘ ืžื—ื“ืฉ ืืช ืฉื•ืงื™ ื”ืงืจื™ืคื˜ื•?
    ื”ื—ืงื™ืงื” ืฆืคื•ื™ื” ืœื™ืฆื•ืจ ืžืกื’ืจืช ืคื“ืจืœื™ืช ืžืื•ื—ื“ืช ืœื ื›ืกื™ื ื“ื™ื’ื™ื˜ืœื™ื™ื, ืœื”ืคื—ื™ืช ืืช ื”ืกื™ื›ื•ื ื™ื ื”ืจื’ื•ืœื˜ื•ืจื™ื™ื ื•ืœืคืชื•ื— ืคื•ื˜ื ืฆื™ืืœื™ืช ืœื”ืฉืงืขื•ืช ืžื•ืกื“ื™ื•ืช ืžื•ื’ื‘ืจื•ืช.
  • ืžื” ืžืฉืžืขื•ืชื” ืฉืœ ืชื™ืื•ื ืจื’ื•ืœื˜ื•ืจื™ ืžื•ื’ื‘ืจ ืœืฉื•ืง?
    ื™ื•ืชืจ ื”ืชืืžื” ื‘ื™ืŸ ืจื’ื•ืœื˜ื•ืจื™ื ืžืกืžื ืช ืžืขื‘ืจ ืœืคื™ืงื•ื— ืฆืคื•ื™, ืฉื™ื›ื•ืœ ืœื”ืคื—ื™ืช ืคืจื™ืžื™ื•ืช ื—ื•ืกืจ ื•ื“ืื•ืช ื•ืœืฉืคืจ ืืช ื”ื›ืจื” ืชื”ืœื™ื›ื™ ื”ื•ืŸ ืœื˜ื•ื•ื— ืืจื•ืš ื‘ืฉื•ืงื™ ื”ืงืจื™ืคื˜ื•.
  • ืœืžื” ื‘ื”ื™ืจื•ืช ืจื’ื•ืœื˜ื•ืจื™ืช ื—ืฉื•ื‘ื” ืœืชื—ืจื•ืช ื”ืงืจื™ืคื˜ื• ืฉืœ ืืจื”โ€ื‘?
    ื›ืœืœื™ื ื‘ืจื•ืจื™ื ื•ื ื™ืชื ื™ื ืœืื›ื™ืคื” ื™ื›ื•ืœื™ื ืœืชืžื•ืš ื‘ื—ื“ืฉื ื•ืช, ืœื”ื’ืŸ ืขืœ ืžืฉืงื™ืขื™ื ื•ืœื—ื–ืง ืืช ืžืขืžื“ื” ืฉืœ ืืจืฆื•ืช ื”ื‘ืจื™ืช ื›ืžืจื›ื– ื’ืœื•ื‘ืœื™ ืœืฉื•ื•ืงื™ ื ื›ืกื™ื ื“ื™ื’ื™ื˜ืœื™ื™ื ื‘ืžื•ืกืกื”.

ืžืืžืจ ื–ื” ืชื•ืจื’ื ืžืื ื’ืœื™ืช ื‘ืืžืฆืขื•ืช ื‘ื™ื ื” ืžืœืื›ื•ืชื™ืช. ื”ื’ืจืกื” ื”ืžืงื•ืจื™ืช ื‘ืื ื’ืœื™ืช ื”ื™ื ื”ืžืงื•ืจ ื”ืงื•ื‘ืข; ืชืจื’ื•ืžื™ื ืื•ื˜ื•ืžื˜ื™ื™ื ืขืฉื•ื™ื™ื ืœื”ื›ื™ืœ ืื™-ื“ื™ื•ืงื™ื, ื‘ืžื™ื•ื—ื“ ื‘ืžื•ื ื—ื™ื ืžืฉืคื˜ื™ื™ื ื•ืจื’ื•ืœื˜ื•ืจื™ื™ื.

ืชื’ื™ื•ืช ื‘ื›ืชื‘ื” ื–ื•