The U.S. Securities and Exchange Commission has voted to propose regulations that would curb bonuses of top executives as mandated by the Dodd-Frank Act. Under the proposals, which are similar to ones proposed last month by the Federal Deposit Insurance Corp., brokers and advisers with more than $1 billion in asset would have to disclose bonus arrangements, and would be barred from implementing any bonus program that encouraged inappropriate risk or could cause financial loss. Comment period on the proposals is open for 45 days, and the SEC would have to take a second vote to make them final.

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