CFTC to publish its version of Volcker rule, Sommers says

10/27/2011 | Risk.net (subscription required)

Jill Sommers, a member of the Commodity Futures Trading Commission, said the agency will publish its own language for the Volcker rule, which prohibits proprietary trading at banks and restricts their investment, sponsorship and ownership of hedge funds and private-equity funds. The Federal Reserve, Securities and Exchange Commission and other regulators released their version of the Volcker rule this month.

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