Regulation

Sen. Kohl applauds DOL, SEC providing more information to employers and investors alike.

Bernie Madoff's legacy is still influencing the regulatory community.

WASHINGTON—The Treasury Department released interim guidance yesterday instructing municipal issuers how to issue four tax-credit bonds as direct-subsidy bonds, as was authorized by a jobs law enacted in March.

The Newsweek correspondent said “Obama is trying to rally populist sentiment against Wall Street."

Sen. Scott Brown of Massachusetts says the proposed reforms would treat mutual funds like banking products.

The Treasury Department released interim guidance yesterday instructing municipal issuers how to issue four tax-credit bonds as direct-subsidy bonds, as was authorized by a jobs law enacted in March.

WASHINGTON — Republicans, as promised, banded together to block Senate debate on financial regulatory reform legislation Monday, picking up opposition from one Democrat, Sen. Ben Nelson of Nebraska.

As Treasury Secretary Timothy Geithner reached out to Republicans to get them on board with financial reforms, Sen. Scott Brown of Massachusetts, who won the seat vacated by former Sen. Edward Kennedy, vociferously defended the mutual fund industry.

The Hong Kong Securities and Futures Commission said Monday it is seeking court orders to issue a trading ban against New York-based Tiger Asia hedge fund over alleged insider trading and market manipulation.

WASHINGTON -- Industry leaders are worried that newly proposed regulations-such as the financial reforms being debated by the Senate and the Securities and Exchange Commission's large trader reporting system-would seriously hinder market activity. But officials argue that such changes are necessary to bring markets out of the dark.