U.S. Senator Kirsten Gillibrand (Democrat of New York) and U.S. Senator Josh Hawley (Republican of Missouri) have introduced a bill that would “create stringent stock trading bans and disclosure requirements for Congress, senior executive branch officials, and their spouses and dependents.” The Ban Stock Trading for Government Officials Act prohibits “stock trading, stock ownership, and blind… Read More >>
Morningstar Credit Ratings Settles Conflict-of-Interest Case
The U.S. Securities and Exchange Commission reports that it has settled with New York-based credit-rating agency Morningstar Credit Ratings, which it charged with violating a long-standing conflict-of-interest rule designed to separate a firm’s credit ratings and analysis from its sales and marketing. Morningstar Credit Ratings, a subsidiary of Morningstar, Inc., neither admits nor denies the… Read More >>
Is the Fed Too Cozy with the Big Banks?
The secret recordings of Carmen Segarra, a former Federal Reserve bank examiner stationed at Goldman Sachs, have caused a quite stir since they were aired last week in a segment on the popular podcast “This American Life.” The tapes not only allege wrongdoings at Goldman, but also instances of the Fed, the firm’s primary supervisor, handling the… Read More >>
