WASHINGTON The new chairman of the Commodity Futures ding Commission plans to take a closer look at the agency's current hands-off approach to the over-the-counter derivatives market and, if anything, will take a tougher approach to regulating the market.

In an interview, Mary Schapiro, who was sworn in as the new head of the commission on Oct. 13, said the possible policy shift may be needed to protect less sophisticated investors, including some state and local governments.

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