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Closer CFTC, SEC talk gets mixed industry response

by Jim Kharouf

A push by a key Senator to bring Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) closer has been met with mixed reviews.Rhode Island republican Senator Jack Reed has asked Government Accountability Office to produce a report on how the regulators might work in a more complimentary fashion. Reed, who chairs the Senate securities committee, is reportedly not pushing for a merger of the agencies but is looking to create more synergies between the two bodies. No date for the report’s completion has been given.As expected,...

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