President-elect Brarack Obama’s choices for the head of the SEC and the CFTC have been generally well-received. Mary Schapiro and Gary Gensler have very large jobs ahead of them as Congress is expected to require hedge fund registration with the SEC, and the CFTC also has the mandate to regulate the off-exchange forex markets. As always we stess that any regulation should be reasonable and considered; knee-jerk legislation will not lead to more fair markets.
The releases below come from current SEC Chairman Cox and CFTC Acting Chairman Lukken. Continue reading