They want to merge the Securities and Exchange Commission and the Commodity Futures Trading Commission.

他们还想要合并证券交易委员会,和期货商品交易委员会。

耶鲁公开课 - 金融市场课程节选

There has been, over the years a lot of turf battles between the SEC and the CFTC because it's sometimes unclear whether something is a security or a futures.

历年来,证券交易委员会和期货交易委员会的领域战争层出不穷,因为有时候很难说,一个东西究竟是证券还是期货。

耶鲁公开课 - 金融市场课程节选