SEC proposes rules for swap dealers (Reuters)
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WASHINGTON (Reuters) – U.S. regulators introduced proposals on Friday that will determine which companies will be forced to hold more cash in order to trade in the lucrative over-the-counter derivatives market.
The Securities and Exchange Commission voted unanimously to seek public comment on plans to define who will be subject to more regulatory scrutiny.
(Reporting by Rachelle Younglai; Editing by Derek Caney)
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