Tougher broker-dealer rules needed, Fed’s Rosengren says

A serious re-evaluation of how broker-dealers are supervised is overdue and should bring about higher capital requirements given the threat broker-dealers still pose to the U.S. financial system, a top Federal Reserve official said on Wednesday. Eric Rosengren, the president of the Boston Fed and…

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Tougher broker-dealer rules needed, Fed’s Rosengren says