Congress Push to Relax US Securities Laws
By Tom Braithwaite, Telis Demos and Shahien Nasiripour
Published November 30 2011 Financial Times
Proposals for a big relaxation of US securities laws are being pushed forward in the US Senate in the face of opposition from state regulators, academics and a group of Democrats. A hearing of the Senate banking committee will examine on Thursday a package of measures to encourage “capital formation” that has drawn White House support but which critics warn could hurt investors and make markets more opaque.
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