U.S. House Republicans will advance legislation to further deregulate securities laws for small public companies and startups, saying the changes would spark more investment, Representative Scott Garrett said today in Washington.
On a stormy night in October 2009, Mary Schapiro , the newly appointed head of the U.S. Securities and Exchange Commission, returned to her alma mater, Franklin & Marshall College in Lancaster, Pennsylvania, to be inducted into the hall of fame for student athletes. Receiving her award, she grasped the podium, confessed she was near tears and spoke of how she had never even seen a lacrosse game before attending college.
U.S. regulators should go back to the drawing board to fix rather than postpone banks’ concerns over treatment of collateralized loan obligations under the Volcker Rule, Representative Scott Garrett said today.
The U.S. House of Representatives is likely to pass a bill this year to reduce the influence of the government-backed Federal Housing Administration, Fannie Mae and Freddie Mac, Representative Scott Garrett said today.
The actions of the trustee overseeing the liquidation of Bernard Madoff’s firm will be investigated by the U.S. Government Accountability Office, said U.S. Representative Scott Garrett, who requested the probe.