SEC finishes rules on 'swap' investments

WASHINGTON -- Securities regulators finalized key rules on Monday that define what kinds of derivatives products will be regulated under the new regime created by the 2010 Dodd-Frank Wall Street reform law.

The Securities and Exchange Commission voted unanimously behind closed doors to approve definitions for terms such as "swap" and "security-based swap."

The rules still must be jointly approved by the Commodity Futures Trading Commission, which is slated to vote on Tuesday morning at a public meeting.