Jeff Merkley said "The reason--and I am over my time now, so I will just summarize this--the reason I am pushing this point is trying to understand where there are insights here about the complexities of regulating a firm that is both a broker-dealer and a futures dealer, whether there needs to be stronger firewalls between the two halves of the business in order to ensure both the coherence of regulation and the security of one side of the firm, if you will, and the customers from fraud on the other side of the firm." @ PoliticalQuotes.com

On the recordNovember 15, 2011

The reason--and I am over my time now, so I will just summarize this--the reason I am pushing this point is trying to understand where there are insights here about the complexities of regulating a firm that is both a broker-dealer and a futures dealer, whether there needs to be stronger firewalls between the two halves of the business in order to ensure both the coherence of regulation and the security of one side of the firm, if you will, and the customers from fraud on the other side of the firm.

Said by

Jeff Merkley

Democratic · Oregon

Source

congress.gov

Editor's note · Context

Merkley emphasizes the need for better regulation and separation in financial firms.

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