Thursday, 12 July 2007

U.S. senator wants GAO study of SEC, CFTC overlap

(Reuters) - The Securities and Exchange Commission and the Commodity
Futures Trading Commission police markets that increasingly
look alike. But past efforts to rationalize the two agencies'
roles have met resistance from the two bureaucracies and from
congressional committees that have jurisdiction over them.




Rhode Island Democrat Jack Reed, who heads the Senate's
securities, insurance and investment subcommittee, said at a
public hearing that he wants to return to the difficult issue
with a Government Accountability Office study.


Read more at Reuters.com Government Filings News

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