More than 200 experts urged Congress not to use book income as the basis for levying the proposed 15% tax.
“A minimum corporate tax would stop the giants from paying $0 in taxes after raking in massive profits," Sen. Elizabeth Warren says.
The move follows the disclosure that Dallas Fed President Robert Kaplan made multiple trades worth $1 million or more last year in individual stocks.
“There are strong indications that rating agencies are continuing to prop up risky financial products," the senator told SEC Chair Jay Clayton.
Calls for regulating companies like Amazon, Facebook, and Google out of existence are misguided, says Canada's former competition commissioner.
“Big, structural changes” to the tech sector are needed to "restore the balance of power in our democracy [and] promote competition," the senator says.
Proposed changes would ease the rule's strict limits on proprietary trading by banks.
Instead of debating whether to ban share repurchases, we should focus on how to exclude the impact of buybacks from executive compensation.
Hester Peirce's views on the DOL Fiduciary Rule and the JOBS Act match those of SEC Chairman Jay Clayton.
The answer is unequivocally no, according to noted bond analyst Christopher Whalen, who calls them "a monumental waste of time and money."
Members of the Senate Banking Committee say Michael Piwowar may have put politics ahead of the SEC's mission in directing staff to review Obama-era rules.
About a dozen key spots are vacant at the SEC and other regulatory agencies amid nominee gridlock in Congress.
