Los Angeles Business Journal

Regulators Approve New Rules for Derivatives Trading

LABJ News from Around the Web Wednesday, July 11, 2012

The Commodity Futures Trading Commission took a major step toward reining in risky Wall Street trading, approving new rules regulating the $700 trillion derivatives industry aimed at preventing a repeat of the financial crisis. The New York Times reports that the agency did include a crucial exemption for many nonfinancial companies and small banks.