While getting a rules overhaul through a bitterly divided Congress won’t be easy, analysts, consumer advocates and experts say changes may be on the table.
Examining the News
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with the New York Times.
During the first week and a half of the Biden administration, Americans have been treated to an unusual sight in Washington: regulators who believe in regulation. Donald Trump seemed to scour the earth for candidates who would produce the most liberal tears, appointing former lobbyists, financiers, ideologues and corporate titans.
President Joe Biden’s appointees and nominees, by contrast, do not adamantly oppose the mission of the agencies they aspire to lead. More than that: Some of his early choices are among the most aggressive financial and corporate regulators of recent years.
Wall Street mania poised to spur SEC focus on apps, shorts, T+2
Ben Bain, Claire Ballentine, Yalman Onaran and Sarah Ponczek, Bloomberg News
Unlikely SEC will squash the little guy : Andrew McCreath on Reddit chats driving stocks higher VIDEO SIGN OUT
Smartphone apps, short-selling rules and steps to ensure broker solvency are all sure to get a closer look from Washington policy makers once the dust settles on the market turmoil that has buffeted GameStop Corp. and silver since the start of the year.
Social media is also poised to be scrutinized, with a focus on how Reddit and Twitter have been used to mobilize herds of investors to all make the same trades. Investigations into manipulation will keep the Securities and Exchange Commission busy for the foreseeable future. The House Financial Services Committee has scheduled a hearing for Feb. 18, likely putting government watchdogs and firms such as Robinhood Markets on the hotseat.
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During the first weeks of the Biden administration, Americans have been treated to an unusual sight in Washington: regulators who believe in regulation. Donald Trump seemed to scour the earth for candidates who would produce the most liberal tears, appointing former lobbyists, financiers, ideologues and corporate titans.
President Biden’s appointees and nominees, by contrast, do not adamantly oppose the mission of the agencies they aspire to lead. More than that: Some of his early choices are among the most aggressive financial and corporate regulators of recent years.
Key financial regulatory positions remain unfilled, and progressives oppose some leading candidates. Still, the left is experiencing a once-inconceivable feeling: It’s … not unhappy?
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COLUMBUS, Ohio - Nearly nine out of 10 Americans say they enjoy sports at least a little, but heterosexual men more commonly identify as passionate sports fans, a new study suggests.
A survey of nearly 4,000 American adults found that only 11% said they did not identify as sports fans at all. Over 40% were passionate fans, identifying themselves as being quite a bit or very much so sports fans.
About 60% of heterosexual men in the survey identified as passionate sports fans, compared to about 40% of both heterosexual women and lesbians. About 30% of gay men reported being passionate sports fans. We found that U.S. adults respond overwhelmingly that they are sports fans, said Chris Knoester, co-author of the study and associate professor of sociology at The Ohio State University.