SEC and CFTC Bolster Cooperation by Harmonizing Minimum Margin Levels for Both Securities Future Accounts and Securities Portfolio Margin Accounts

Written by Taher Kameli & Chathan Vemuri Over the past several years, experts have called for the Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (CFTC) to harmonize their regulatory standards in order to minimize duplicative or contradictory regulatory reporting requirements.[1] Not doing so has led to market participants creating “two different reporting systems and/or processes – one for the CFTC and one for the SEC” despite both require the reporting of similar data.[2] The obstacles posed to cross-jurisdictional transparency in following the regulatory rules and the convoluted nature