Reported by Chris Prentice

Christy Goldsmith Romero, a commissioner of the Commodity Futures Trading Commission (CFTC), said in remarks at a conference that she is pushing for U.S. regulators to create a searchable, centralized database of financial misconduct that could make it easier for the public to arm themselves against fraudsters.

While some regulators compile databases of disciplinary actions or consumer complaints, there is no national database to make it easier to search across federal agencies or state regulators.

A centralized registry would also make it easier for the government to identify repeat offenders and deter potential fraudsters, Goldsmith Romero said.

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