RJ and Makay

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U.S. Regulators told lawmakers last week that they will adjust prohibitions on banks’ proprietary trading per Volcker rule restrictions, but will resist calls to altogether drop the measure that sprang from the Dodd-Frank Act.  Federal Reserve Governor Daniel Tarullo, along with top officials from four other agencies, defended the rule at a House Financial Services joint subcommittee hearing in Washington.

U.S. advisors are using options markets more frequently, and those with larger assets under management (AUM) are significantly more likely to utilize these markets than peers with smaller assets under management, according to an industry report.

Of advisors with $500 million or more AUM, 94% bought or sold equity options in the past year, according to Bellomy Research Inc.’s survey of more than 600 U.S. advisors for the Options Industry Council (OIC) report “Financial Advisor Benchmark Study.” The survey also found that: