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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (251862)	7/24/2003 8:08:54 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 436258

by mecca stinks - ROFL Good one Les

To: Les H who wrote (251862)	7/24/2003 4:54:05 PM
From: Les H	Respond to of 436258

Time for the brokers to throw a hissy fit... Drive to Restrict States' Regulatory Powers Falters in House washingtonpost.com A bill to limit the role of states in investigating brokers and investment bankers appears to be rapidly losing support, according to several industry and congressional sources. Republican Rep. Peter T. King of New York has come out against the proposal, and other moderate Republicans are likely to join him, leaving supporters without enough votes to approve the measure in the House Financial Services Committee, sources said. As a result, Rep. Richard H. Baker (R-La.) and the bill's other backers are considering asking the committee to adjourn today without taking up the proposal, the sources said. The bill would assert the primacy of the Securities and Exchange Commission on securities issues and would prevent state regulators from using court orders and settlements to force structural change on Wall Street. The provision is widely seen as a reaction to the efforts of New York state Attorney General Eliot L. Spitzer, who spearheaded the crusade against biased Wall Street research that led 10 major investment banks to agree to a $1.4 billion settlement. more at link.