The nomination of Michael “Mike” Selig, who is chief counsel of the Crypto Task Force and senior advisor to Paul Atkin, chairman of the Securities and Exchange Commission (SEC), as the next chairman for the U.S. Commodity Futures Trading Commission (CFTC) has apparently been clarified via social media postings by President Trump and others. Over… Read More >>
SEC & CFTC Scale Back to Skeleton Staffs
With the shutdown of the U.S. federal government, the financial markets regulators — the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) — have issued guidelines to help staff members and market participants maintain some regulatory requirements. During the shutdown, the SEC “will have only an extremely limited number of staff… Read More >>
Ops Lessons from the Shutdown?
Most firms on Wall Street, regardless of political affiliation, probably see the federal government shutdown combined with the debt ceiling crisis as a waste of time and money especially when the U.S. recovery needs all the help it can get from Washington. For securities operations, though, there is a little cold comfort in the takeaways… Read More >>
