Defazio introduces the Let Wall Street Pay for the Restoration of Main Street Act *

USA - January 8 2010
U.S. Representative Peter DeFazio (D-OR), Chairman of the House Subcommittee on Highways and Transit, was joined by 22 of his House colleagues in introducing new legislation that assesses a minuscule tax on Wall Street securities transactions.

Co-authors: Myra C. Mormile.

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Victoria Investors’ sole general partner and IA barred from association *

USA - January 8 2010
An Administrative Law Judge issued an Initial Decision against James C. Dawson, barring him from associating with any investment adviser.

Co-authors: Myra C. Mormile.

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House approves the Wall Street Reform and Consumer Protection Act of 2009 *

USA - January 8 2010
The House of Representatives approved the Wall Street Reform and Consumer Protection Act of 2009, H.R. 4173, which will purportedly overhaul regulation of the financial services sector with tough new controls and create a new agency to protect consumers.

Co-authors: Myra C. Mormile.

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SEC distributes $418 million to harmed investors in Invesco mutual funds *

USA - January 8 2010
The SEC announced the Fair Fund distribution of approximately $418 million to more than one million investors who were affected by undisclosed market timing in certain Invesco mutual funds advised by Invesco Funds Group, Inc.

Co-authors: Myra C. Mormile.

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SEC holds open meeting, approves change to Advisers Act custody rule and enhanced proxy disclosures *

USA - January 8 2010
The SEC held an open meeting at which it approved a change to the Advisers Act custody rule and also a requirement for enhanced proxy disclosure on risk, compensation and corporate governance.

Co-authors: Myra C. Mormile.

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