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- Panel suggests creation of small-business exchange
A Securities and Exchange Commission panel suggested that an exchange limited to small businesses should be created. The exchange would make it easier for companies to go public in the U.S. but would be limited to experienced investors better able to assess the risks involved with lower disclosure hurdles. Bloomberg
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| Industry Update | | |
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- FINRA wants easier background check on advisers and brokerages
The Financial Industry Regulatory Authority proposed a rule to make it easier for investors to investigate the background of financial advisers and brokerages. The rule would require websites of companies regulated by FINRA to link to the agency's online database BrokerCheck. Reuters
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- "Status quo is unacceptable" for repo market, Dudley says
Problems in the repurchase market have not been solved, says William Dudley, president of the Federal Reserve Bank of New York. "We have not come close to fixing all the institutional flaws in our wholesale-funding markets," Dudley said while suggesting several changes, including limiting the market to securities that the Fed accepts and letting money market funds use a net-asset-value float as opposed to a fixed rate. The Wall Street Journal
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| New York Focus | | |
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| Career Development | | |
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- Tips to reduce stress
Research shows job burnout increases the chances of developing heart disease or having a stroke, so take steps to turn down the stress, Ben Fanning writes. "Question whether you really have to watch the news on TV every night or whether spending some quiet time with music or reading might be preferable," he writes. "Just turning ... the intensity down a notch can make a big difference." SmartBrief/SmartBlog on Leadership
(1/31)
| People & Personalities | | |
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- Walter declines to speculate about her post-SEC plans
Elisse Walter, chair of the Securities and Exchange Commission, says she isn't sure what she'll do after the Senate confirms Mary Jo White as the new head of the agency. "I will certainly be here until the new chairman gets confirmed and comes on board," Walter said. "I have sort of decided not to think about it right now. That may be a very short time. It may be a very long time." Reuters
(2/2)
| On The Economy | | |
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- U.S. payrolls kept growing in January
U.S. employers added 157,000 workers in January, and job creation in November and December was better than previously thought, the Labor Department reported. The upward revisions added 127,000 jobs to the total employment growth during the last two months of 2012. Bloomberg
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| Financial Products | | |
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- Deutsche Bank aims to launch utility-stock ETF
Deutsche Bank filed with the Securities and Exchange Commission to introduce an exchange-traded fund that would buy the stock of utility companies. The db-X Regulated Utilities Index Fund would allocate at least 80% of funds to securities in the DBIQ Regulated Utility Index. IndexUniverse.com
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| SmartQuote | | |
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 | To attain knowledge, add things every day. To attain wisdom, subtract things every day."
--Laozi,
Chinese philosopher
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