Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Monday, June 8, 2009

Obama Won't Propose Merger of SEC & CFTC, Says SIFMA

SIFMA, in its daily news alert, says that the Obama administration has dropped the idea of proposing a merger of the SEC and CFTC.  If true, this signals the importance of politics in any reform proposal.  The merger of the two agencies is a sensible and modest proposal that has been raised before and is always shot down in part because politicians like having two agencies with two different oversight committees; it increases the number of politicians who will be courted by the industry.

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