Investment and finance professionals endorsed barring federally insured commercial banks from engaging in trading, according to a CFA Institute poll.
Of the 1,494 respondents, 35% strongly support separating proprietary trading and insured banks, while 33% support such a ban, according to a statement about the results.
Of the other respondents, 13% oppose such restriction, 7% strongly oppose restrictions and 12% were neutral.
The ban was called for by Paul A. Volcker, former Federal Reserve chairman, in testimony Feb. 2 before the Senate Banking, Housing and Urban Affairs Committee.
Other results of the poll showed 32% support and 26% strongly support President Barack Obama's “efforts to rein in U.S. banks that are considered too big to fail,” according to the statement. Another 16% oppose and 10% strongly oppose the efforts, while 16% are neutral.
Sixty-seven percent believe little progress has been made in legislating financial regulatory reform, while 24% believe some progress has been made, 4% believe there's been adequate progress and 5% are not sure.
The poll, taken Feb. 1-11, was sent to 105,986 CFA Institute members and others involved in financial issues, including money managers, academics and analysts.