BUSINESS
06/23/2010 09:57 am ET Updated May 25, 2011

Volcker Rule Under Attack As Lawmakers Ponder Hedge Fund Loophole

Senate negotiators will probably offer changes today that would soften the Volcker rule by allowing banks to sponsor hedge funds and invest their own money, within limits, alongside that of clients....

To appease Democrats in favor of stronger regulation, negotiators also plan to make it harder for regulators to undermine the rule, according to lobbyists and congressional aides involved in the discussions.

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