Volcker Said to Lobby SEC Chairman Personally on Volcker Rule
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Former Federal Reserve chairman Paul Volcker met in person with U.S. Securities and Exchange Commission Chairman Mary Schapiro this week to discuss the proposed ban on proprietary trading named for him, according to a person familiar with the meeting.
Volcker, 84, has been a prominent advocate for the ban, which he asserts would curb the kind of risky trading that contributed to the 2008 financial crisis.