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April 2, 2008

All Business: SEC overhaul good news for big business

  • This plan may be proof that the government serves the business lobby's interests rather than those of smaller investors.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — When Wall Street and big business favor a government plan to make the biggest changes in securities regulation since the Great Depression, the rest of us should question their motives.

    Under a Bush administration proposal to restructure the financial system, the power and authority of the Securities and Exchange Commission — which oversees investment banks, stock exchanges and publicly traded companies — could diminish.


     
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