In the agreement, the two securities authorities undertook to coordinate regulations on what constitutes insider trading or illegal stock manipulation and other issues, and to " balance between supervising the market . . . and developing " it.
12.
Consistent with this philosophy, Fryzel worked with NCUA staff in designing the NCUA Office of Consumer Protection to segregate consumer compliance and consumer protection responsibilities from those involving safety and soundness Fryzel further saw the need to have a direct liaison between credit unions and the proposed Bureau of Consumer Protection in order to coordinate regulations and ensure an understanding of how credit unions function.
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