Oct. 12 (Bloomberg) -- The U.S. Securities and Exchange Commission joined three other federal regulators in seeking comment on a rule that would bar banks from making short-term trades for their own accounts and limit their ownership of private-equity and hedge funds.
SEC commissioners voted 4-0 at a meeting in Washington today to release the so-called Volcker rule for public comment through Jan. 13. The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency released the proposal yesterday.
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