Reform Group Urges SEC, CFTC To Hold Firm On Swaps Rule

Law360, New York (April 17, 2012, 7:44 PM EDT) -- A key Wall Street reform group on Tuesday urged the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission to resist industry pressure and keep in place a proposal to subject a broad swath of swaps dealers to heightened oversight under the Dodd-Frank Act.

Americans for Financial Reform wrote a letter to the agencies warning them not to narrow a proposed definition for swaps dealers by softening a so-called de minimis exemption. The exemption originally applied to dealers with less than $100 million in aggregate...
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