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Firing its first shot in a battle with the Securities and Exchange Commission over the regulation of securities-related activities conducted by banks, the American Bankers Association accused the agency of overstepping its authority. The bankers called for the withdrawal of a new SEC rule the industry claims would impede the ability of banks to provide securities-related services.
June 12, 2001 at 12:00 AM
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The original version of this story was published on Law.Com
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