On March 10th, Senators Jeff Merkley, Carl Levin, Ted Kaufman, Sherrod Brown, and Jeanne Shaheen introduced The Protect Our Recovery Through Oversight of Proprietary Trading Act, which would restrict the proprietary trading of banks and other financial institutions. The bill would also raise capital requirements and prohibit brokers from buying swaps on financial products sold to clients. Merkley Press Release.
Senators introduce bill restricting proprietary trading
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