SEC nominee has no "specific plans" to tackle Dodd-Frank | House delays health care vote to today | Russia breaks guidance, cuts interest rate
March 24, 2017
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SEC nominee has no "specific plans" to tackle Dodd-Frank
SEC nominee has no "specific plans" to tackle Dodd-Frank Act
Clayton (Chip Somodevilla/Getty Images)
Jay Clayton, President Donald Trump's nominee to be chairman of the Securities and Exchange Commission, said the Dodd-Frank Act should be looked at to see whether objectives are being achieved, but he doesn't have "specific plans for attack" against the law. The SEC should continue work on rules mandated by Dodd-Frank that haven't been completed, Clayton said.
Bloomberg (3/23),  ThinkAdvisor (free registration) (3/23),  The Wall Street Journal (tiered subscription model) (3/23),  Financial Times (tiered subscription model) (3/23) 
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On Wall Street
Stocks open strong after volatile session
Stocks open strong following volatile trading day
Stocks opened higher today, after experiencing wide swings Thursday. At 10 a.m. Eastern, the Dow Jones industrial average was up 30 points, the Nasdaq composite was up 30 points and the Standard & Poor's 500 index was up 6 points.
CNBC (3/24),  MarketWatch (3/23) 
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Your Bottom Line
Net $800M leaves global bond ETFs
Global bond exchange-traded funds have experienced their first outflow of 2017 as a net $800 million left in the week that ended March 8. The last time the asset class saw outflow was right after the election of President Donald Trump.
Bloomberg Professional (3/20) 
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In the C-Suite
Want to succeed? Don't use these phrases
The most successful people don't try to avoid work or seek to blame others when things don't go their way. Phrases such as "I already paid my dues" are not in their vocabulary.
Inc. online (free registration) (3/23) 
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On the Move
Kate Jaspon to become interim CFO of Dunkin' Brands
Jaspon serves as treasurer and vice president of finance.
Nation's Restaurant News (free registration) (3/23) 
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Off the Charts
Research: Bitcoin fraud rising this month
(Ethan Miller/Getty Images)
The number of bitcoin-related scams promoted online has increased significantly in March, according to security firm ZeroFox. The company said it had identified bitcoin fraud on 8,742 social media posts linked to 3,618 unique URLs over a three-week period. (U.S.) (3/23),  The Verge (3/23) 
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There are other things that can influence the timing of revenue recognition under the new standard, but all other things being equal, it divorces the invoicing schedule from the revenue schedule.
Robynne Sisco, CFO of Workday, as quoted by CFO
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