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1 of 4 DOCUMENTS Copyright 2008 Factiva , from Dow Jones

Summary: 1 of 4 DOCUMENTS
Copyright 2008 Factiva , from Dow Jones
All Rights Reserved
(Copyright (c) 2008, Dow Jones & Company, Inc.)
The Wall Street Journal
March 12, 2008 Wednesday
LENGTH: 607 words
HEADLINE: Politics & Economics: Regulators Vow Cooperation --- Pact Between SEC, CFTC Seeks to End Market
Turf Wars
BYLINE: By Judith Burns
WASHINGTON -- U.S. regulators agreed to closer cooperation between the Securities and Exchange Commission
and the Commodity Futures Trading Commission.
SEC Chairman Christopher Cox and acting CFTC Chairman Walter Lukken, in signing the agreement yesterday at
the SEC's headquarters, said it reflects a desire to put aside turf wars and take a unified approach to market regulation.
A framework for sharing information, including on enforcement cases, is part of the accord. It also establishes
principles for reviewing new products that permit a product to trade either as a commodity future or as a security, or
Regulators said the agreement is intended to bring more legal certainty to novel products, which can get bogged


Source: Argamon, Shlomo - Department of Computer Science, Illinois Institute of Technology


Collections: Computer Technologies and Information Sciences