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Sen. Levin Urges SEC To Fix Swap Reporting, Records Plan

By Ed Beeson (July 7, 2014, 2:24 PM EDT) -- A top Democratic lawmaker called on the U.S. Securities and Exchange Commission last week to beef up its plan to establish reporting and recordkeeping rules for security-based swap transactions, saying the agency needs to require more transparency around hedges and close a loophole that he said enabled the "London whale" trading debacle....

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