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Bond trading under watch by regulators: Report

U.S. Securities and Exchange Commission Chairman Mary Jo White.
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U.S. Securities and Exchange Commission Chairman Mary Jo White.

Regulators are looking at ways to reform the bond trading climate and the way dealers show their prices to the rest of the marketplace.

The Securities and Exchange Commission is looking into the practice of dealers showing varying quotes for the same securities, possibly in an effort to manipulate markets, according to a report from Bloomberg that cited an unnamed source familiar with the matter.

Regulators believe the bond industry has not kept up with technology and continues to trade in secret emails and phone calls, the report said.

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