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CFTC’s Rep Says He Would Vote Down Current Volcker Rule

Bart Chilton of the US Commodity Futures Trading Commission says it opens the door to prop trading.

Traders Magazine Online News, November 21, 2013

Silla Brush

If we voted on it today, Id oppose it, he said. It opens the door for proprietary speculative bets under the guise of hedging, exactly what Congress told us to avoid.

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