Wall Street Regulators Seek More Enforcement, Exam Coordination

The Securities and Exchange Commission and the Commodity Futures Trading Commission plan to coordinate examinations and enforcement for businesses that fall under both agencies’ turf, the latest sign of cooperation between Wall Street’s top regulators.

“With regards to enforcement, let me be clear: the regrettable era of duplicative enforcement actions and conflicting remedial obligations for the same conduct is over,” SEC Chairman Paul Atkins said at a Futures Industry Association conference in Boca Raton, Florida on Tuesday. “Fragmented, redundant enforcement does not increase deterrence — it only increases confusion.”

Unlike many countries that have one central financial markets regulator, the ...