Regulation

The Securities and Exchange Commission task force on hedge funds, buyout funds and mutual funds is looking to hire five fund managers, chief operating officers or executives with “direct exposure to trading and operations,” according to a help-wanted ad it placed last month. The SEC has also retained executive search firm Korn/Ferry International.

Sen. Ron Wyden, who recently caused a stir in the municipal bond market by proposing a tax-reform bill that would eliminate tax-exempt bonds and replace them with tax-credit bonds, said yesterday he is open to discussing possible modifications to the legislation with critics.

While the subject continues to be hotly contested, at least one regulator, FDIC Chairman Sheila Bair, is satisfied that the pending regulatory reform bill would put eila Bair, is satisfied that the pending regulatory reform bill would put a stop to government bailouts.

Republicans and Democrats escalated the rhetorical war over regulatory reform on Wednesday, with each side accusing the other of playing politics.

Over the past few months, the Obama administration has gradually backed away from providing a near-term plan for Fannie and Freddie after missing a self-set February deadline.

One defendant claimed he didn’t know his associate’s last name because “you do not ask a comrade for a last name.”

Democrats and Republicans escalated the war of words over regulatory reform on Tuesday, with the GOP saying the current bill is unacceptable and the White House objecting to any compromise.

Four years after the Federal Deposit Insurance Corp. launched an elaborate deposit insurance pricing system, the agency has gone back to the drawing board.

At MetLife’s sixth annual benefits symposium in Washington this week, Treasury and Department of Labor officials discussed the difficulties of including annuities in 401(k)s. The two agencies have asked the public for comments through May 3 on including lifetime income solutions in employer plans.

Regulator calls for tracking individual loans to increase transparency of private deals.