CBOE chief says a turf war between SEC and CFTC causes delays

10/20/2010 | Wall Street Journal, The

William Brodsky, chairman and CEO at the Chicago Board Options Exchange, said the Securities and Exchange Commission and the Commodity Futures Trading Commission remain engaged in a turf war. He said the agencies worked together in the aftermath of the May 6 "flash crash," but they continue to battle for influence, resulting in unnecessary delays. "There's a level of cooperation now, but the underlying issues remain," Brodsky said.

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