Regulation

SEC Considers Exemptions for Pay-to-Play Rule

The US regulator's decision depends on whether the Financial Industry Regulatory Authority (FINRA) implements strict pay-to-play rules prohibiting activities by registered broker-dealers acting as placement agents.

Bank of America Faces Another SEC Suit

A U.S. market regulator hits BofA with a lawsuit for failing to disclose extraordinary losses at Merrill before the acquisition deal in 2008.