SEC chairman Harvey Pitt told regulators at the New York Stock Exchange and the National Association of Securities Dealers to broaden their review of IPO procedures.
The proposals for tougher regulations come amid concerns that the reforms currently being contemplated will not be enough to curb abuses by investment banks.
Wall Street banks are being accused of distorting the market for new shares in favour of their clients and in order to earn more business. Yesterday it was revealed US regulators are investigating ties between investment bank Salomon Smith Barney and bankrupt telecoms firm Global Crossing
Does Darwin's theory apply to taxation? Colin ponders...
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements