Financial Regulatory Forum

New arrests in Galleon insider-trading case

NEW YORK, Nov 5 (Reuters) – Nine more people have been arrested in the Galleon Group insider-trading scandal, bringing to 15 the number charged in the biggest hedge fund-related case in history.

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US Rep. Frank seeks changes in derivatives bill

U.S. Representative Barney Frank (D-MA), Chairman of the House Financial Services Committee, listens to a reporter's question during the Reuters Global Financial Regulation Summit in Washington, April 28, 2009.     WASHINGTON, Nov 4 (Reuters) – The chairman of the U.S. House Financial Services Committee is seeking changes to draft legislation for the $450 trillion privately-traded derivatives markets, with the intent of making it harder for banks to avoid trading the contracts on exchanges.

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SEC eyes efficiency, small stocks in fast-trading review

NEW YORK, Nov 4 (Reuters) – The U.S. Securities and Exchange Commission is considering whether the growth of high-frequency trading has made markets more or less efficient for long-term investors, including those trading small- and mid-cap stocks, an SEC official said on Wednesday.

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US’s Frank wants SEC/CFTC to decide on swaps clearing

By Kim Dixon and Karen Brettell
WASHINGTON/NEW YORK, Nov 3 (Reuters) – U.S. regulators should be given authority to determine whether a privately traded derivative contract should be cleared through a central clearinghouse, the chairman of the House Financial Services Committee said on Tuesday.

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Shareholders need real voice: U.S. SEC chief

U.S. Securities and Exchange Commission Chairman Mary Schapiro bites her lip as she listens to questions during her testimony before the Senate Banking Committee on Capitol Hill in Washington, June 22, 2009.    REUTERS/Jim Young    (UNITED STATES POLITICS BUSINESS IMAGES OF THE DAY)   NEW YORK, Nov 4 (Reuters) – The top U.S. securities regulator on Wednesday called on Corporate America to upgrade its proxy voting practices to ensure shareholders a greater voice in governing the companies they own.

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U.S. financial reform faces Republican challenges

By Kevin Drawbaugh and Rachelle Younglai

WASHINGTON, Nov 2 (Reuters) – Key U.S. senators are still deeply divided on basic financial regulation reforms, making it unlikely a bill expected soon from Senate Democrats could become law this year, analysts said on Monday.

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ANALYSIS-Accounting irregularities may be on the rise in U.S.

By Emily Chasan
NEW YORK, Oct 28 (Reuters) – Corporate balance sheets may be showing signs of the wear and tear from the prolonged U.S. recession as accounting irregularities are starting to surface at growing numbers at U.S. companies.”When things get difficult companies tend to stretch even further and utilize whatever games that they can get away with and sometimes they don’t get away with them,” David Tice, chief portfolio strategist for bear markets at Federated Investors, said in an interview with Reuters television on Wednesday.

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Credit rating agency bill backed by US House panel

By Kevin Drawbaugh
WASHINGTON, Oct 28 (Reuters) – Credit rating agencies, which have been widely blamed for failing to spot problems that helped trigger the global financial crisis, would be more tightly regulated under legislation approved on Wednesday by the U.S. House of Representatives Financial Services Committee.

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US congressional panel backs new rules for hedge funds, short of White House aims

By Kevin Drawbaugh and Rachelle Younglai
WASHINGTON, Oct 27 (Reuters) – U.S. regulators would be able to peer into the secretive world of hedge funds and private equity funds under a bill passed by a key congressional committee on Tuesday.
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Offshore investment funds included in U.S. Congress registration bill

U.S. Rep. Paul Kanjorski (D-PA), chairman of the House Financial Services Subcommittee on Capital Markets, briefs reporters on the challenges and opportunities of reforming the U.S. financial markets, at the Reuters Financial Regulation Summit  in Washington, April 27, 2009.   REUTERS/Mike Theiler   (UNITED STATES POLITICS BUSINESS) By Kevin Drawbaugh and Rachelle Younglai
WASHINGTON, Oct 27 (Reuters) – Offshore funds would have to register with U.S. regulators under an amendment added to a bill mandating more oversight of private capital pools under debate on Tuesday in a U.S. congressional committee.

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