The SEC and the Department of Justice’s antitrust division stated Monday, June 22, they have joined forces to enhance competition in the securities industry.
While the two enforcement agencies have already been working together in recent years, this first memorandum of understanding between the two should “foster even greater collaboration and cooperation,” SEC Chairman Jay Clayton said Monday at an equity market structure conference hosted by Massachusetts Institute of Technology.
Assistant Attorney General Makan Delrahim said in a statement that the memorandum “institutionalizes a strong working relationship between our two agencies. I expect that it will lead to even more robust, comprehensive analyses incorporating both competition and securities laws concerns, resulting in stronger, healthier markets yielding enhanced consumer benefits.”
The memorandum establishes a framework for regular discussions and review of law enforcement and regulatory matters, and the exchange of information and expertise potentially relevant to their respective oversight and enforcement responsibilities.
Full Content: US Securities and Exchange Commission
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
EU Extends Support for Farms and Fisheries Amid Market Disruptions
May 5, 2024 by
CPI
Sony and Apollo Bid $26 Billion for Paramount Acquisition
May 5, 2024 by
CPI
Goldman Sachs Resolves Decade-Old Metal-Rigging Class Action Lawsuit
May 5, 2024 by
CPI
Italian Antitrust Ruling Puts Halt on Intesa Sanpaolo’s Fintech Ambitions
May 5, 2024 by
CPI
Google Antitrust Case: Closing Arguments Conclude
May 5, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI