Friday, October 24, 2008

Cox Strongly Supports Merger Between SEC and CFTC

Of course he does - with him as the head of the new entity, no doubt. After all, he did such a great job with the SEC. Cox 'strongly' supports merger between SEC, CFTC - "Christopher Cox, chairman of the Securities and Exchange Commission, said a committee on regulatory reform of the financial-services industry should be established to explore a merger between the SEC and the Commodity Futures Trading Commission. 'It could tackle the challenge of merging the SEC and the CFTC, which I strongly support,' Cox testified at a congressional hearing. 'This would bring futures within the same general framework that currently governs economically similar securities.'"
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