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CFTC expands its power to pursue fraud

Commodity regulators have boosted their powers to investigate manipulation of the derivative market

Commodity regulators voted 5-0 to approve a rule that expands their ability to pursue fraud and manipulation in the derivatives markets they regulate, finishing the first major rule required by last year's Dodd-Frank financial-regulatory overhaul.

"We will use these tools to be a more effective cop on the beat, to promote market integrity and to protect market participants," CFTC Chairman Gary Gensler said.

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