RSSHouse panel votes to give regulators more power
From: The Washington Times | November 4, 2009
WASHINGTON (AP) — The House Financial Services Committee voted Wednesday to give U.S. government regulators more power and money to police major players in the stock market, four months after Bernard Madoff was sentenced for the biggest investment scam in history. The 41-28 vote was the panel’s latest move to try to rein in abuses on Wall Street. It would give the Securities and Exchange Commission new enforcement powers, including the ability to offer bounty money to tipsters on fraud cases and the power to bar violators of the law from employment in any securities-related industry. The bill also would …
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