Booting Regulatory Redundancy
THE DALY OPEN
It was hardly a secret that something was in the works when U.S. Securities and Exchange Commission (SEC) chairman Christopher Cox discussed the need to consolidate self-regulatory organizations (SROs) during the Securities Industry and Financial Markets Association's (SIFMA's) inaugural meeting early in November.
A few short weeks later, NYSE Regulation CEO Richard Ketchum and NASD chair and CEO Mary Schapiro stand side-by-side announcing they have inked a letter of intent to form a not-for
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