The National Law Journal reports that "Regulators say Chicago's two big exchanges are slow to self-police. They say the feds are missing it.... Those (Chicago Mercantile Exchange and CBOT) compliance procedures are the focus of heightened scrutiny as scandals roil the financial markets... Critics have called for increased public accountability and more federal regulation. The result has been an ongoing melodrama between the government and the world's two largest futures exchanges...."
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