Past experience has shown that, when dealing with other people's money, individuals and big business need to be regulated. The financial markets and the financial community, as well as the commodity markets and grain trade, must be regulated. Big business is greedy, and does not look out well for either itself or its customers. Abuses within the futures industry are the reason we have government agencies such as the Commodity Futures Trading Commission. Historically, industries go through regulatory cycles.
Industries develop without regulation until massive abuses and fraud develop.
Then a public outcry occurs, and the extensive cost to the public brings in heavy regulation. Next there is an outcry over too much regulation. Regulations are ultimately reduced, and the cycle turns back toward fraud and abuse of power. The CFTC needs to maintain a high level of oversight to protect the public. Reducing trade option regulations will come at an extremely high cost.