At the CFTC, which oversees futures contracts, regulators are reviewing VIX-related products under its jurisdiction, another person said. The Financial Industry Regulatory Authority, an industry-funded watchdog that Cboe has hired to conduct surveillance of its markets, also has increased its scrutiny of VIX trading, a person familiar with the matter said last week. The SEC, CFTC and Finra are coordinating their reviews, one of the people said.
A Finra spokesman declined to comment.
This article was provided by Bloomberg News.