04.03.2009 - Merge SEC, CFTC into markets regulator
From Reuters: Congress should create a new capital markets regulator to protect investors by combining the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, a group representing U.S. mutual funds said on Tuesday. The Investment Company Institute (ICI) said a capital markets regulator could set legal standards for investment advisers, broker-dealers and money market funds, as well as address gaps in the regulation of hedge funds, derivatives and municipal securities..... Full Article: Source