SEC & CFTC Joint Meeting Update

One of the key messages coming out of this week’s meeting between the SEC and the CFTC is the need for a coordinated approach by the two key regulators.  While talk of merging the two regulators has quieted, representatives from the SEC and CFTC are being urged to cooperate and perhaps develop some joint policies, for example with respect to enforcement and the ability to impose sanctions.  Here is a Reuters article with additional detail about this week’s joint meeting.

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About Patrick

Pat is a Partner and Managing Director at HedgeOp Compliance, LLC. Prior to joining the team in August of 2003, Pat served as Assistant Counsel for Baring Asset Management Inc., where he was responsible for general compliance oversight and legal support in the areas of product development, marketing and distribution. Prior to this, Pat worked for Scudder Investments with responsibility for various compliance functions within its retirement plan and trust departments. Patrick received a JD degree from New England School of Law and a B.A. from the College of the Holy Cross. Pat is certified as an Investment Adviser Certified Compliance Professional (IACCPsm) by National Regulatory Service's Center for Compliance Professionals. Pat currently runs HedgeOp's Boston office.

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