While Title VII of the Dodd-Frank Act states that the SEC and the Commodity Futures Trading Commission shall consult and coordinate to the extent possible for the purpose of assuring regulatory consistency and compatibility, it appears that the lawyers for the two agencies, or maybe the other personnel at the agencies as well, have not been able to agree on what these terms mean.
Crapo discusses regulatory inconsistencies between the SEC and CFTC regarding the Dodd-Frank Act.
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