Self-regulation of futures industry criticized

摘要

Washington—With the collapse of two major commodity brokerages and potentially more than $1.8 billion in customer money still missing, the decades-old system in which the futures industry regulates itself is drawing scrutiny from lawmakers and reform advocates. “I’m losing faith in self-regulation,” said US Senator Tom Harkin, an Iowa Democrat, during a Senate Agriculture Committee hearing July 17. “The self-regulatory model needs to be aggressively reconsidered,” said Dennis Kelleher, president and CEO of Better Markets, a financial reform group, on the sidelines of the hearing. “There’s just no other way to look at it.”