Senators are considering legislation that would give regulators authority to restrict proprietary trading by banks. Sens. Jeff Merkley, D-Ore., and Carl Levin, D-Mich., are seeking to prohibit such trading by banks, while other large financial firms would have restrictions on their proprietary trading. Ken Bentsen, executive director at SIFMA, said more studies are needed and that it is hard to define what constitutes proprietary trading.
Posts Tagged ‘Senate’
Senate considers reining in proprietary trading at banks
May 13th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Banks, Carl Levin, Executive Director, Gray Area, Jeff Merkley, Ken Bentsen, Legislation, Proprietary Trading, Regulators, Senate, Senators, Sens, Stuff 
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Posted in Finance Fraud Tags: Amp, Break, Collapse, Consumer Protection Agency, Government Authority, Hrk, Legislation, Pid, Senate, Senators, Sid, Taxpayer Funds, Verge Comments Off
