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Regulations

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  • Does Anyone Like Sarbanes-Oxley? Anyone? Monday, 22 Jan 2007 | 12:12 PM ET

    Sarbanes-Oxley may never work its way into the hearts and minds of Wall Street. The regulation came under attack yet again today (see earlier post on Mayor Michael Bloomberg and NYC's financial services) as a reason New York City and the U.S. are losing their financial edge to cities like London. The complaint is the 2002 law is too much and too costly to obey. And that's driving IPOs, hedge funds and the like...

  • Bloomberg: Wall Street "Crumbling" As Financial Leader Monday, 22 Jan 2007 | 10:32 AM ET
    NYC Mayor Michael Bloomberg

    It's almost the end of the financial world as we know it-- in New York City. At least that's according to New York Mayor Michael Bloomberg (R) and Sen. Chuck Schumer (D-NY). Both men say NYC--and the U.S. for that matter-- are losing their competitive edge as leaders in financial dealings. Today--the politicos released a study done by the mayor's office and consultant group McKinsey that apparently proves the point.

  • Bank of America Lobbies to End Deposit Cap: WSJ Tuesday, 16 Jan 2007 | 4:28 AM ET

    Bank of America wants U.S. regulators to raise the limit that prevents U.S. banks from making acquisitions that would give any one bank more than 10% of total national deposits, The Wall Street Journal reported Tuesday.

  • Divided FCC Approves New Cable Rules Wednesday, 20 Dec 2006 | 3:14 PM ET

    A sharply divided FCC voted 3-2 along partisan lines to impose new measures meant to ensure that local governments do not block new competitors from entering the cable television market.

  • In an exclusive interview with CNBC,  SEC Chairman Christopher Cox said the agency is in its best shape ever to oversee a variety of regulatory issues simultaneously, whether it's options backdating or keeping a watchful eye on the derivatives market.

  • Regulators voted on a proposal that would raise the hurdle investors must meet in order to enter the fast-growing world of hedge funds.

  • SEC Raising The Bar For Hedge Funds Wednesday, 13 Dec 2006 | 2:01 PM ET

    The S.E.C. is meeting right now to vote on a key proposals that could have a major impact on the hedge fund industry. CNBC’s Hampton Pearson had all the details on today's "Power Lunch." Hampton said essentially the S.E.C. is looking to raise the bar on hedge fund investment. Currently hedge funds need to have $200,000 income or $1 million in net worth. 

  • S.E.C. Meets Over Hedge Fund Debate Tuesday, 12 Dec 2006 | 1:38 PM ET

    We have more opinions on the regulation of hedge funds. Tomorrow (Wednesday) the S.E.C. meets to consider new rules for hedge funds--which S.E.C. Chairman Christopher Cox calls "risky investments that are not for mom and pop." This year's Amaranth meltdown would seem to support that view (Amaranth lost $6.5 billion in one month in 2006.

  • Doctor's Call: End Junk Food Ads For Kids Thursday, 7 Dec 2006 | 1:25 PM ET

    Many pediatricians want the new Democratic congress to ban junk food ads on kids shows. The American Academy of Pediatricians is calling on the FCC to impose limits on ads saying that advertising has an impact on crucial areas of child development. Would that be protecting the health of our children...or just regulation run rampant and censorship?

  • Italian Block of Autostrade Deal Upheld Thursday, 7 Dec 2006 | 4:03 AM ET

    An Italian administrative court has ruled in favor of a government decision to block Autostrade's deal with Spanish infrastructure company Abertis Infraestructuras, Autostrade said Thursday.

  • Diamond Controversy: Blood vs. Billions Wednesday, 6 Dec 2006 | 7:09 PM ET
    Blood Diamond Movie

    The new movie "Blood Diamond" hasn't even hit theaters (it opens on Friday) but already it's stirring up quite a bit of controversy--over the use of so-called "conflict diamonds" to fund some of Africa's bloodiest civil wars. Given the sensitive subject matter, the diamond industry--which logs about half of all sales this time of year--has launched a massive PR campaign to offset any potential consumer backlash.

  • SEC Proposes New Limit on Short Selling Monday, 4 Dec 2006 | 3:26 PM ET

    The Securities and Exchange Commission voted unanimously to propose tightening restrictions intended to combat manipulative short selling ahead of stock offerings.

  • Hedge Funds Face Pressure To Reform Monday, 4 Dec 2006 | 2:51 PM ET

    Hedge funds are heading into a rough few weeks. Many funds are looking at some pretty average returns this year--and if that's not bad enough--the industry faces U.S. Congressional hearings starting tomorrow on regulations and insider trading. William Galvin is Secretary of the Commonwealth of Massachusetts...

  • Panel Seeks Relief From Market Rules Thursday, 30 Nov 2006 | 2:58 PM ET

    U.S. capital markets can be made more competitive globally by reducing regulation and exposure to litigation for companies, a panel of businessmen and academics linked to the Bush administration said in a report released Wednesday night.