Obama administration drops proposed merger of SEC, CFTC

06/8/2009 | CNNMoney

In the next few weeks, the Obama administration plans to offer more details on the best way for Congress to overhaul the regulatory system of the financial industry. The proposal is expected to be controversial, but the administration already dropped the idea of merging the Securities and Exchange Commission and the Commodity Futures Trading Commission for political reasons. The move offers a bit of insight into compromises expected down the road.

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