SEC proposes rules for swap dealers

By Reuters
Posted Dec. 3, 2010 at 10:14 a.m.

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.

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