Senate Bill Targets ‘Earnings Stripping’ by Corporate Inverters
“This bill curtails the incentive for companies to use shady accounting gimmicks to avoid paying their U.S. tax obligations," says Sen. Schumer, one sponsor.
High-Speed Trading Rules Coming From SEC, White Says
The SEC chief unveiled the regulator’s most sweeping plan yet for reining in high-frequency trading and monitoring secretive trading practices.
How Financial Reform Became a Fiasco
Three years after Dodd-Frank’s passage, President Obama and Congress have failed to shepherd sound financial-industry rules, or level with the public.
SEC Names Asset Management Enforcement Co-Chiefs, Legislative Director
Julie Riewe, Marshall Sprung to jointly run unit in enforcement division, while Timothy Henseler will direct Office of Legislative and Intergovernmental Affairs.
Senate Banking Chief Johnson Announces Retirement
Sen. Tim Johnson, D-S.D., chairman of the Senate Banking Committee, announced Tuesday that he would not run for re-election when his term ends in 2014.
BoE Governor Pushed for Barclays Chief’s Ouster
The British Parliament got an earful over the last couple of days as testimony continued in the LIBOR-fixing scandal.
JOBS Act Passes Senate by Wide Margin
The much-criticized, bipartisan JOBS Act passed the Senate on Thursday, 73-26.
Senators Slam Goldman in Release of Financial Crisis Report
‘Goldman clearly misled their clients and they misled the Congress,’ Levin says.
Goldman Sachs Video Testimony Highlights Suitability Standard
The Committee for the Fiduciary Standard released June 16, highlights of Goldman Sachs executives testifying before Congress in hearings that investigated the "causes and consequences of the financial crisis," according to Senator Carl Levin.
Lawmakers pool for hedge fund bill
Now that actual legislation has been drafted, top hedge funds have been "skittish" about their initial support of government oversight and more transparency. Dan Molinski...