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The Role of Chris Brummer in Implementation of Financial and Security Regulation
Financial and Securities Regulation is a branch of law which deals with money transactions. Some of the commercial dealings that they cover consist of enterprises, investment, and insurance firms’ services. The Securities and Exchange Commission (SEC) enforces the financial and securities law as well as investigating firms when financial audit shows discrepancies. In addition to that, SEC is responsible for all stock market issues. For that reason, investors must comply with the rules appertaining to investment and shares.
Chris Brummer is a well-known specialist who deals with both international and local finance and security regulations.He has been in the forefront advocating for implementation of these regulations. Since he was appointed to the U.S. Commodity Futures Trading Commission by the White House ten years ago, Chris Brummer has been concentrating on the effects of the China’s currency in the international financial system. Brummer’s tenure at the Financial Industry Regulatory Authority (FINRA) did not end without recognition of his great contribution.
The economic dynamics globally shape the economies and their stability. Thus, intervention by the global financial and security experts is needed to regulate the money. Securities regulation significantly curbs the impact of external influence to an economy and sets the tenets and standards to guard a country in the world market. The regional economic blocs determine to a great extent the trade balance and how a country fairs in that particular commerce zone. With the help of Chris Brummer, United States has significantly learned a lot from the China’s budget.For example, the popular BREXIT occurred as a result of British disparity which they felt was a form of breach to its economy.
Stocks, bonds, investment agreements and mineral rights are types of securities in the market.As a result, enterprises trade these types of securities either through the sale of securities to an investor or through buy and sell outstanding securities. Although both the federal and state laws empower the securities regulations and demand registration of every investor and the assets, and they also forbid fraud and scams. It is for this reason Chris Brummer took the initiative to educate the importance of the financial and security laws in regulating delinquency and economic disruption.
Lastly, financial laws have significantly contributed to the GDP and the human resource hence raising the economy. How the country grows and develops is also determined by these regulations in addition to determining the rate of employment. Chris Brummer talks about this subject in his writings.Financial and securities principles try to bridge the gap it creates when it distinguishes private and public assets.As a matter of fact, financial and security regulations have contributed significantly to the world’s economy and they should continue to be enforced.