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Wall Street watchdog eyes new rule for clearing firm data

Wall Street’s industry-funded watchdog is developing a new rule that would require clearing firms to regularly provide it with data about brokerage transactions, U.S. regulators said on Tuesday. The Financial Industry Regulatory Authority would use that information to conduct more robust examinations of the securities brokerage industry, said Richard Ketchum, the regulator’s chairman and chief executive. More on Reuters here.

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