SECURITIES FIRMS HIRE DERIVATIVES PRO TO LOBBY -- BY SILLA BRUSH, The Hill

Seven major American and foreign banks have hired a prominent financial lawyer to lobby on legislation that would restrict how banks do business in the multitrillion-dollar derivatives market.

Edward Rosen, a partner at Cleary Gottlieb, registered as a lobbyist for the banks at the end of October and received at least $200,000 in the third quarter, according to congressional lobbying records.

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