CME's Duffy, FIA Panel, Say Lack Of Financial Crime Prosecutions Damages Entire Industry

Financial Crime Prosecutions  – A panel discussion Thursday at the Futures Industry Association (FIA) Expo on the status of governmental policy boiled over when talk turned to the lack of Wall Street prosecutions. The issue is at a “tipping point,” according to CMEGroup Chairman and President Terry Duffy, as the lack of accountability is damaging the entire financial services industry. Duffy made the most candid comments on the topic in his 18 years at CMEGroup. Sounding like a financial reformer, he praised Dodd-Frank, called for “Wall Street Justice” and sharply questioned the lack of trials for obvious financial crimes. Duffy: Lack…