Citadel Securities Urges SEC to Lead Regulation of Equity-Linked Products

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On September 10, Citadel Securities urged the SEC to take the lead in regulating equity-linked products tied to U.S.-listed companies and their securities, emphasizing the ongoing debate over securities versus commodities. The firm also called for faster product registration and warned against exchanges using self-certification to circumvent SEC oversight. It further sought clarity on equity-linked event contracts and perpetual derivatives, connecting these concerns to broader CFTC mandates.

ChainThink reports that on September 10, Citadel Securities submitted a response to the SEC and CFTC, arguing that the SEC should serve as the primary regulator for U.S. public companies and their related securities products, and should enhance the efficiency and timeliness of new product filing reviews.

Citadel Securities also noted that exchanges should not use self-certification mechanisms to evade SEC regulatory jurisdiction, and that regulatory agencies must clarify the classification of equity-linked event contracts and perpetual derivatives.

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