Newsome outlines 2003 priorities
Commodity Futures Trading Commission (CFTC) chairman Jim
Newsome last week welcomed the prospect of foreign futures and
securities exchanges to establishing themselves in the US and
said regulators would have to work together on the issue.
Speaking to reporters in Chicago, Newsome also announced a
broad range of priorities for 2003 including plans to continue
investigating illegal energy trading, approving narrow-based
futures indices and facilitating talks on competitive
On the issue of overseas exchanges, he said CFTC's
cooperation with Securities and Exchange Commission (SEC) in
security futures could be helpful heading forward with other
dual regulatory issues.
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