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US CFTC official pushes for national financial fraud database - Tips Health Zone

US CFTC official pushes for national financial fraud database

A top U.S. regulator on Monday proposed the creation of a federal registry to make it easier for investors and law enforcement to dig up information on past financial fraud convictions and civil fines. Christy Goldsmith Romero, a commissioner of the Commodity Futures Trading Commission (CFTC), said in remarks at a conference that she is pushing for U.S. regulators to create a searchable, centralized database of financial misconduct that could make it easier for the public to arm themselves against fraudsters. "This would be a comprehensive record that the public can easily check before giving someone their money, their trust and their business," she said at an industry conference.



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