SEC Advances New Conduct Rules For Swap Markets

Law360, Washington (June 29, 2011, 1:47 PM EDT) -- The U.S. Securities and Exchange Commission voted Wednesday to move forward with proposed rules under Title VII of the Dodd-Frank Act to establish business conduct standards for security-based swap dealers and participants.

The rules would make explicit the SEC's expectations as to how dealers and participants in the security-based swap market should behave, Lourdes Gonzalez of the SEC's Division of Trading and Markets said.

The regulations are part of a blitz of new regulatory action in the swap and derivative markets, with the U.S. Commodity Futures...
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