CFTC registration of CPOs highlights regulator split

Author: | Published: 21 Feb 2012
Two former US Securities and Exchange Commission (SEC) regulators have told IFLR they were hopeful of a possible congressional move during the drafting of Dodd-Frank to integrate the SEC and Commodity Futures Trading Commission (CFTC) into one regulator.

However those talks have ended, and a rule finalised by the CFTC on February 9 serves as yet another example of US bifurcated regulation.

“There is a house committee overseeing the SEC and a house committee overseeing the CFTC,” said a former SEC regulator, preferring to remain anonymous. “It is difficult to get the political will to do this because both committees want to continue their oversight.”

A former SEC commissioner pointed to the...


 


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