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Volcker Rule may hurt mutual funds, investors: ICI
Posted on December 13, 2012 at 16:38 PM EST
A proposal set up to implement the Volcker Rule is intended to limit speculative activity of big banks but actually may cause problems for many mutual funds, a top lobbyist for the fund industry tells lawmakers.
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Bank of America Corp.
Bank of New York
Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Wells Fargo & Co.
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