SEC chief Mary Schapiro favors idea of shared regulator powers in monitoring against riskWASHINGTON — The head of the Securities and Exchange Commission favors a new proposal for federal regulators sharing oversight of companies that pose financial risks to the economy. SEC chief: agency considering tighter regulation of money-market funds to protect investorsWASHINGTON — The Securities and Exchange Commission is considering how regulation of money-market mutual funds could be tightened to better protect investors, the head of the agency said Monday. Financial groups reject Obama’s plan to provide homeowners mortgage relief through bankruptcyWASHINGTON — A dozen financial groups, including the U.S. Chamber of Commerce and American Bankers Association, on Wednesday urged every member of the U.S. Senate to reject a key piece of President Barack Obama’s plan to keep tens of thousands of Americans from losing their homes. Senate to sink plan that would have let homeowners reduce mortgage payments through bankruptcyWASHINGTON — The centerpiece of President Barack Obama’s plan to keep thousands of people from losing their homes amid the worst economic crisis in decades is headed for defeat next week in the Senate. Receiver says sprawling web’ of Stanford companies had 200 different accounting systemsHOUSTON — Companies controlled by Texas billionaire R. Allen Stanford appear to have had approximately 200 different accounting systems, apparently part of a plan designed to prevent any one employee from fully understanding the scope of the business, according to a court filing. |
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