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A sampling of lobbyists’ talks with regulators

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Here are some examples of recent lobbyist meetings with federal regulators, as reported on the agency websites:

Citigroup: Aug 18 meeting at the Federal Reserve:

Four Citi employees “raised concerns” with new derivatives legislation and explained “the importance of retaining their ability to hedge across markets.”

Center on Executive Compensation: Aug 19 meeting at the Securities and Exchange Commission:

The head of the industry-sponsored center presented material indicating that a new rule forcing companies to release information on executive pay “imposes substantial, costly and counterproductive regulatory burdens on employers at a time when growing the economy and encouraging job growth are top priorities.”

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JPMorgan Chase: Sept. 14 meeting at the Federal Reserve:

Seven lobbyists and bankers “expressed concerns” about six different parts of the new law, including the “negative impacts on competitiveness that could arise” from certain parts of the rule that limit banks from investing directly in hedge funds and proprietary trading desks.

Bank of America: Sept. 14 meeting at the Federal Reserve:

Seven Bank of America representatives warned that “the prospect of undue compliance costs threaten the viability of an active and efficient” market for complex securities.

Morgan Stanley: Sept 15 meeting at the Commodity Futures Trading Commission:

Seven top executives from the bank argued that regulators should provide flexibility in phasing in new requirements for trading derivatives.

Goldman Sachs: Oct 13 meeting at the CFTC:

The president of Goldman Sachs, Gary Cohn, and a few deputies, went from a meeting at 1 p.m. with one CFTC commissioner, to a meeting at 2 p.m. with another, speaking at both meetings about all aspects of the reform.

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