Senate Banking Dems Demand Tougher Insider-Trading Rules
Senate Banking Chairman Brown (D-OH), Sens. Warren (D-MA) and Van Hollen (D-MD) today urged Acting SEC Chair Lee to implement insider-trading reforms, calling for improved disclosure and enforcement of safe harbors in which corporate executives may trade their company’s stock.
Toomey Launches Renewed Attack on Certain Diversity Programs
Senate Banking Ranking Member Toomey (R-PA) today led a letter from all Senate Banking Republicans demanding that the SEC block NASDAQ’s proposed diversity requirements. The senators argue that, as a quasi-regulatory body, NASDAQ does not have the authority to implement social policy.
Severely-Adverse Scenario is Still More Dire
Reiterating confidence in the resilience of the nation’s largest banks, the Fed today released scenarios for the next stress-test round.