Cox "strongly" supports merger between SEC, CFTC

10/24/2008 | Reuters

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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