SEC Chair Advocates for Merger with CFTC to Enhance Coordination

According to PANews, U.S. Securities and Exchange Commission (SEC) Chair has expressed support for a merger between the SEC and the Commodity Futures Trading Commission (CFTC). The Chair emphasized the importance of maintaining coordination between the two regulatory bodies to ensure effective oversight and regulation. This statement highlights ongoing discussions about potential consolidation to streamline operations and enhance regulatory efficiency in the financial sector.