Reflections on the CFTC/SEC Jurisdictional Dispute

Abstract

Perhaps it is time to revisit who regulates what in the securities and futures world. Not because the futures markets are harming the securities markets (there is no evidence of that), or vice versa, but simply for the fun of kicking dirt on the other fellow’s shoes. Baseball season opened on the day when this article was written. But the new debate should at least be conducted with a fair knowledge of how the exercise came out the last time, and why. It is neither a lengthy nor a complicated story.