While on the Board, we have prioritized acting in our fiduciary capacity as Directors above maintaining consensus and the status quo. While we have acted professionally, we have not hesitated to raise difficult issues to NFA staff and have advocated for changes to executive compensation, audit practices, due diligence and nomination procedures for public Directors.
The U.S. Senate passed a $955 billion rewrite of agriculture law by an even larger margin than last year, sending it to the House of Representatives, where disagreements over food stamps and farm subsidies may complicate passage.
Top executives of the two largest U.S. derivatives exchanges say regulators must take further steps to align Dodd-Frank Act rules with those of foreign counterparts to avoid oversight splits that could harm markets.
Representatives Barney Frank (D-Mass) and Mike Capuano (D-Mass) introduced a bill Thursday night that would merge the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC).