Rules and return is the show where we delve into the regulatory challenges and opportunities of the Financial Markets around the globe. We will speak to the top newsmakers. First tower top story. They can accept payments. A 30 month reprieve to u. S. Firms on the research will that are coming into effect in january. Great to have you. You have been all over this story from the very beginning. Why did the sec decide to do this . The industry here in washington has been pushing for months to get the sec to tell them. They can accept payment from their european clients and not have to register as an investment advisor. They do not want to register in the u. S. Has that carries a bunch of new responsibilities and costs. Relief thathe sec they announced today is limited to european clients, so they can continue to Bundle Research with Trading Execution Services in the u. S. For their clients. Nejra you describe this as a major victory for u. S. Brokerages and firms. It takes away a level of
Challenges for the markets around the world. We will speak to the top newsmakers, regulators, and Market Participants reacting to a new generation of rules. To the top story, the sec says firms can accept payments from clients. They gained a 30 month reprieve on the research rules coming to effect in january with mifid ii. Ben from our Financial Regulation team joins us now. You have been all over this story from the very beginning. Why did the sec decide to do this . Was it the result of lobbying from the industry . Ben large wall street brokerages have been pushing for months to get the sec to tell them they can essentially accept payment from their european clients and not have to register as an Investment Advisor. They dont want to register as an Investment Advisor in the u. S. , because it creates it creates new responsibilities and costs, essentially fiduciary responsibilities. Meanwhile, the sec relief that they announced today is limited to european clients so they can Bundle R
Fighters. Russia [ inaudible ] is sworn in as turkeys new president. And banking on the future. Indias Prime Minister launches a new plan that will help millions of poor people in the country. Hello. Ukraines president says Russian Troops have invaded the country. Thats an allegation russia flatly denies. But the u. S. And nato appear to back up poroshenko, saying that more than a thousand Russian Troops were known to be operating inside ukraine. Poroshenko says that Russian Troops have been deployed in the east of the country as well as another area. And that has all been confirmed by this man, the self declared heard of the donetsk independent republic. And the prorush rebel says up to 4,000 russian citizens have been fighting alongside of them, and many are from the Russian Military. Translator among volunteers from russia there have always been many that are military servicemen. They fight for us understanding that this is their duty. They are currently serving soldiers among us, w
Taking to the street. Plus. We are off to the opera in canada where the singers get on their bikes to perform. We start this news hour with the escalating crisis in ukraine, rebels fighting in Eastern Ukraine agreed to open humanitarian corridors letting them go to the battlefield and this is after the talk with Vladimir Putin and its more proof the separatists are directly controlled from russia and they are in controlled of large parts of eastern crane including the lohansk and donsk and taken the coastal town and the big fear is they are trying to create a land corridor with the and next region of crimea and these are the areas where separatists are getting help from russia. Translator there was a call from the russian president to provide the encircled units with all humanitarian corridors and ready to give them core corridors so the weapons cannot be used against us. We will go to babbot with russian magazine and thank you for talking to us. It seems like the separatist leader was
For just about everyone else. Which is why the dow tumbled 105 points today. S p lost 0. 61 and the nasdaq climbed up. First a word about leadership. I learned about this from the Television Show that got me interested in the wall street to begin with walk street. There was a funfilled review of the week and the panelists revered, and theyd opine about leadership groups. Its where i first heard cyclicals although lou would say, that sounds like a washing machine, speak english and marty would say that companies with earnings improve when the economy gets better and deteriorate when it gets worse. I try to model myself on lou. At the same time i didnt want the show to be dumbed down too much so i would like to listen to the concepts like the generals that they talked about all the time. The generals. The stocks that led the market forward and tried to judge whether the leadership was meaningful longer term. Some groups make better generals than others if you want to deviate from the mil