Regulation

Investment advisers may face tough compliance issues in the wake of the Securities and Exchange Commission's unanimous adoption last week of rules designed to prevent IAs from making political contributions to elected officials to obtain business from state and local pension funds, investment pools and college-savings accounts.

WASHINGTON — Investment advisors may face tough compliance issues in the wake of the Securities and Exchange Commission's unanimous adoption last week of rules designed to prevent IAs from making political contributions to elected officials to obtain business from state and local pension funds, investment pools and college-savings accounts.

Academics and New York University's Stern School of Business and York University's Schulich School of Business in Toronto have an upcoming article in the Journal of Financial Economics that looks at the lending practices of hedge funds to publicly traded corporations.

Sen. Maria Cantwell announced late Thursday that she intends to support regulatory reform, giving a boost to the bill's prospects in the Senate, which plans to take up the legislation later this month when Congress returns from a Fourth of July recess.

Bankers have spent months saying they are making every good loan possible, and now regulators are demanding more information to prove it.

WASHINGTON — The Securities and Exchange Commission on Wednesday unanimously adopted rules designed to prevent investment advisors from making political contributions to elected officials to obtain business from state and local pension funds, investment pools and college savings accounts.

WASHINGTON — The Securities and Exchange Commission on Wednesday unanimously adopted rules designed to prevent investment advisers from making political contributions to elected officials to obtain business from state and local pension funds, investment pools and college savings accounts.

Bankers and some lawmakers reacted with a mix of uncertainty and outrage on Wednesday after the conference committee opted to raise deposit insurance premiums on large institutions in an effort to pay the costs of the regulatory reform bill.

The House passed a mammoth financial reform bill late Wednesday 237 to 192, sending the bill to the Senate, which is not expected to act until later this month.

The Securities and Exchange Commission late Wednesday said it plans to expand its circuit-breaker program to include all stocks in the Russell 1000 Index and some exchange-traded funds.