There is one summary for this bill. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (08/02/2013)

Markets and Trading Reorganization Act - Establishes the Securities and Derivatives Commission as an independent regulatory body.

Directs the Commission to establish the following principal divisions: (1) a Markets and Trading Division with oversight of market conduct and utilities, the conduct of market professionals, and self-regulatory organizations with regard to such market professionals (including related examination functions); (2) an Issuers and Financial Disclosures Division exercising oversight of the issuance of securities (including investment companies and related rules and examinations); and (3) an Enforcement Division to enforce all Commission rules.

Transfers to such Commission all functions of the Commodity Futures Trading Commission (CFTC) and of the Securities and Exchange Commission (SEC), including their respective officers and components.