Reed Proposes SEC Regulate Credit Swaps, Security-Based Futures

[Billy Thunder]

The bill “amends the definition of ‘security future’ in the federal securities laws to provide the SEC with authority over all security futures, not just single-security and narrow- based security index futures,” according to a summary of Reed’s bill put out by his office today.
http://www.bloomberg.com/apps/news?pid=20601087&sid=a8J4AvT7AyWI