CFTC Commissioner Bart Chilton tells Fast Money he’s hoping Shapiro and the new administration bring more transparency to the markets. “We need transparency, especially in the over the counter market. Two thirds of transactions happen in the dark. How can we regulate them when we can’t see them?!”
Schapiro is also expected to bring a laser-like focus on fraud and one of the first things she will likely do is "take the handcuffs off" the SEC's enforcement division. She intends to run an SEC that will “go after those who cut corners, cheat investors and break the law."
In case you’re wondering, Schapiro has spent more than two decades regulating financial markets with a resume that includes chairing the Commodity Futures Trading Commission and six years as an SEC commissioner.
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Trader disclosure: On Jan 19, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Adami Owns (AGU), (BTU), (C), (GS), (INTC), (MSFT), (NUE); Karabell Owns (AAPL), (GOOG), (JPM), (TSO), (TC); Seymour Owns (AAPL), (BAC); Seygem Asset Management Owns (COP)
GE Is The Parent Company Of CNBC
Charles Schwab Is A Sponsor Of "Fast Money"
Terranova Works For (VRTS): Virtus Investment Partners Owns (XOM), (CSX), (FLR), (COP), (VLO), (X)
Terranova Is Chief Alternatives Strategist Of Virtus Investment Partners, Ltd.: Virtus Investment Partners Owns More Than 1% Of (ABD), (ARE), (BIG), (DLR), (EPR), (EXR), (IGE), (SLB), (MAC), (DBC), (DBV), (SKT), (UA), (CLB)
Virtus Investment Partners Owns More Than 1% Of Seagate Tax Refund Rights: Virtus Investment Partners Owns More Than 1% Of Corporate Office Properties Trust SBI MD: Virtus Investment Partners Owns More Than 1% Of Goldman Sachs Financial Square Fund – Money Market Fund