Futures Industry: CFTC, SEC Merger Not Likely
COMPLIANCE TECHNOLOGIES
CHICAGO—Members of the futures industry on Thursday reiterated their desire to remain independent, shooting down the notion that they would benefit from a merger between the U.S. Commodity Futures Trading Commission (CFTC) and the U.S. Securities and Exchange Commission (SEC).
"I would adamantly oppose any merger," says Terrence Duffy, chairman of the Chicago Mercantile Exchange (CME). "The SEC would quickly swallow up the CFTC" and erase "all the good work" that has been done since the enactment
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