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The Wall Street Journal: Democratic senators seek tougher rules on Wall Street executives’ pay

WASHINGTON — Fifteen Democratic senators urged federal regulators to strengthen proposed rules governing Wall Street pay practices, saying the recent scandal at Wells Fargo & Co. WFC, +0.94% underscored the need to hold executives accountable for misconduct.

The request comes as policy makers rush to complete the rules before President Barack Obama leaves office in January. The rules on pay represent one of the big remaining pieces of the Obama administration’s regulatory overhaul of the financial industry.

Read: Wells Fargo CEO Stumpf walks away with up to $137.1 million

The senators laid out their ideas in a letter addressed to the heads of six federal agencies responsible for crafting the pay rules.

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