Securities and Exchange Commission (SEC) or the Commodities Futures Trading Commission (CFTC) are two important bodies in the financial sector. They play a critical role in regulation of the sector to ensure that there is fairness, openness and discipline in the sector (Davies & Green, 2013). One of the critical roles played by these organizations is regulating high risk gambles in the securities/banking transaction. For example, in 2012, CFTC voted 3-2 a proposal to implement Section 619 of the Dodd-Frank Wall Street Reform and the consumer Protection Act of 2010 or the Dodd-Frank Act, which came to be referred as the Volcker Rule (Davies & Green, 2013). This regulation is important in dealing with high-risk gambles because it presents banks or other financial institutions from engaging in activities like proprietary trading that may not be considered to be in the best interest of the clients. It also prevented financial institutions from owning or investing in hedge fund and private equity fund. This regulation also limited the liabilities that can be held by largest banks. There is also an ongoing discussion that seeks to empower SEC and CFTC to restrict the way market making activities will be compensation, intimating that traders will be paid based on the spread of transaction and not on profit that is made for the client. Therefore, SEC and CFTC can use the above provisions to prevent high-risk gambles in securities and banking.