The possibility of the creation of a single body regulation
for the US securities and futures markets has raised its head
again after recent comments by current and former Securities
and Exchange (SEC) chairmen.
SEC chairman Christopher Cox told reporters on 11 November
at a Securities Industry and Financial Markets Association
conference that a combined SEC and Commodity Futures Trading
Commission (CFTC) would require a dramatic legislative change
but told newswire MarketWatch that "the subject has been
Meanwhile, former SEC chairman Arthur Levitt wrote an August
opinion piece that stated "it makes less and less sense to
divide regulatory responsibilities along now obsolete
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