Turns out corporate America is still very into having a diverse workforce and diverse

suppliers.

I'm David Brancaccio in New York.

First, federal regulators are increasing oversight of some of the most active buyers and

sellers of stocks and bonds.

The Securities and Exchange Commission has now approved new rules, Marketplace with Nancy Marshall

Genser explains.

Under the new rules, firms like Head Marketplace is Nancy Marshall Genser, explains.

Under the new rules, firms like hedge funds that regularly trade in things like stocks and U.S. government

bonds will have to register as broker-dealers.

That means more oversight from government agencies like the

SEC. The firms will also have to keep a minimum amount of capital as a cushion, report

data to regulators, and keep books and records.

In a statement, SEC Chair Gary Gensler says this is common sense, adding that, quote,

Congress did not intend for registration and regulatory requirements to apply to some dealers and not to others.

The SEC wants to level the playing field so that all firms doing the same types of trading will be regulated the same way.

Industry groups don't like the new regulations though.

They say some firms will stop trading to avoid them,

and they could sue to stop the rules from going into effect. The SEC says the new regulations will become

effective 60 days after being published in the Federal Register and firms will have a year

to comply. I'm Nancy Marshall Genser for Marketplace.

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