Shapiro Seeks Rule Harmony

With the varied web of securities rules and regulations, it is good to see a regulator talking about "rule harmony." There are simply too many rules, too many overlaping rules, and sometimes even conflicting rules.

It remains to be seen if such harmony can really take place, with regulators competing for rule space, but at least we appear to be moving in the right direction.

...we have met with the industry and the New York Stock Exchange to harmonize the rulebooks of both self-regulatory organizations and we will begin to propose harmonizing rule amendments, on a rolling basis, beginning with our next Board meeting in December