SEC Chairman Elise Walter and CFTC Chairman Gary Gensler testified before a Senate Committee this week, focusing on the implementation of Dodd-Frank. The SEC also approved the budget for the PCAOB.
Two former senior executive in the organization of jailed Ponzi schemer Allen Stanford were sentenced to serve lengthy prison terms. A former hedge fund operation caught up in the Galleon insider trading cases was sentenced to a term of probation under a cooperation agreement.
Finally, FINRA issued another investor alert. This one focuses on duration risk for bonds.
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