Securities and Exchange Commission Chairman Mary Jo White rebuffed calls by House Republicans to forswear a rule that would force public companies to disclose political spending, saying she won’t “prejudge the issue.”
As the U.S. Senate works to rewrite immigration policy, the House of Representatives is spending floor time on legislation that won’t become law, voting today to repeal President Barack Obama’s 2010 health-care law.
Jules Kroll, a former private investigator who started a bond-rating company after the financial crisis, said the largest credit-rating firms are again putting profits ahead of accuracy amid record demand for corporate debt.
NYSE Euronext, owner of the largest U.S. equities exchange, sought to mute opposition to its quest for regulatory curbs on so-called dark-pool trading by offering to lower its fees it charges to execute trades.
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.
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.
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.