Tag Archives: Securities and Exchange Commission

Regulations are crippling businesses. — [VIDEO]

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The Commodity Futures Trading Commission and Securities and Exchange Commission will have authority to decide what derivatives must be centrally cleared rather than letting private parties make the call.

“Central clearing interposes a regulated clearinghouse between the original counterparties in a derivatives transaction and so creates an opportunity to make dealing more transparent.” CNBC video

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The Barack Obama administration made gains in its push for US financial reform, unveiling a landmark bill to tackle systemic risk in the economy and winning congressional committee approval for a measure to expose hedge funds to more government scrutiny.

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InTrade should be regulated. InTrade is in total illegality, right now.

CFTC and SEC want authority over foreign exchanges that offer access to U.S. investors. The Commodity Futures Trading Commission and Securities and Exchange Commission on Friday recommended legislation that would expand the U.S. futures regulator’s authority over foreign exchanges that … Continue reading

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The heads of major exchanges offered somewhat diverging views on plans by the CFTC and the SEC to reconcile their rule books.

The heads of major exchanges offered somewhat diverging views on plans by the CFTC and the SEC to reconcile their rule books. “A big concern shared by both exchange operators is that turf battles have slowed the approval of new … Continue reading

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The Obama administration detailed a sweeping plan to more closely oversee the giant market for derivatives.

“The 115-page draft bill would give the bulk of the proposed new powers over derivatives to the Securities and Exchange Commission and the Commodity Futures Trading Commission but also keep banking regulators in the mix by granting them authority to … Continue reading

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President Barack Obama’s fiscal 2010 budget request would give federal securities and commodities regulators additional resources to investigate fraud and manipulation in the financial markets.

SEC + CFTC = WSJ

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Gary Gensler will head the Commodity Futures Trading Commission in 2009.

Barack Obama has named Gary Gensler, a former Treasury official under President Bill Clinton, to take over the Commodity Futures Trading Commission (CFTC). – New York Times: Mr. Obama has vowed to reverse the deregulatory stance of the Bush administration … Continue reading

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Barack Obama has chosen Mary Schapiro, chief executive of a non-governmental regulator for securities firms (Financial Industry Regulatory Authority), to chair the Securities and Exchange Commission.

What a great pick. Out of the gate, Ms. Schapiro faces potential controversy. In 2001 she appointed Mark Madoff, son of disgraced financier Bernard Madoff, to the board of the National Adjudicatory Council, the national committee that reviews initial decisions … Continue reading

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Securities and Exchange Commission Chairman Christopher Cox said he strongly supports merging his agency with the Commodity Futures Trading Commission.

Excellent. Previously: The CFTC on prediction markets. + Comments made to the CFTC.

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