Regulation

Mass. Treasurer Suspected of Pay-to-Play Donations

Timothy P. Cahill is criticized for accepting more than $100,000 in connection to an investment manager who has been allotted hundreds of millions of dollars in state funds to invest since Cahill became treasurer in 2003.

SEC Restricts Short Sales

Hoping to restore investor confidence, the regulator passes an “alternative uptick rule” after more than a year of debate.