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The bourse, too, tried to curb fraud.
They argue that there are far better ways to curb fraud and abuse than eliminating competition.
Surprisingly, even trying to pass legislation to curb fraud is more difficult than one might expect.
Additional policies look to curb fraud and manipulation in the derivatives market.
Mr Douste-Blazy wants, for instance, to put photos on France's credit-card-style health cards, to curb fraud.
He will today reveal details of his plan to combine many existing benefits into a single universal payment in an attempt to simplify the system and curb fraud.
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EBay also announced that it would no longer allow most customers to pay by check or cash, a change aimed at curbing fraud.
And in the coming days, administration officials said, they will roll out more initiatives aimed at curbing fraud and saving government cash.
The administrators of the online address system — Icann, the registries that operate suffixes like VeriSign, and agents like GoDaddy that sell Internet addresses to the public — are doing a terrible job curbing fraud.
Such a change would make hedge funds more like other investment companies that are overseen and audited by the commission.In principle, there are three arguments in favour of regulating hedge funds: curbing fraud; achieving greater transparency; and protecting unsophisticated investors.
He curbed fraud in the insurance industry by reorganizing the state Insurance Commission and hiring a national prominent expert to rewrite the state's entire insurance code.
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