Too Many Regulators For Wall Street? - Forbes.com

We always talk in class, that when the environment changes, so too do the various contracts and relationships that affect the firm. Here is a good case in point:

Too Many Regulators For Wall Street? - Forbes.com:

"With two pending trans-Atlantic stock exchange mergers, the world's largest futures exchange forming in Chicago and rumors of more consolidation in the markets to come, there is the sense that the multiple federal securities regulators, state regulators and self-regulated entities like the NYSE Group (nyse: NYX - news - people ) and NASD will have to come to some sort of consensus for dealing with the shifting landscape."