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S.E.C. Chief Seeks to Enhance Disclosure in Bond MarketsMary Jo White said on Friday that she had asked the S.E.C. to enhance transparency in a sector of Wall Street where middlemen may now have an advantage over investors.
Wall Street's Latest Must-Have? A Volcker HelperA year from now, Wall Street firms have to comply with the Volcker Rule - regulations that aim to restrict the type of trading that banks can do. Two law firms have come up with products to help clients keep up with the rule's demands.
Venture Capital Firm Settles S.E.C. Charges Over 'Pay-to-Play'TL Ventures improperly accepted fees from two public pension funds in Pennsylvania after a senior employee of the firm made campaign contributions to candidates in the state, the S.E.C. said.
Drug Maker Shire Rejects Offer From AbbVie Worth About $46 BillionAbbVie, which is based in Chicago, had aimed to change its domicile to Britain to take advantage of a lower tax rate. Shire, an Irish biopharmaceutical firm, said the bid undervalued the company.
Lloyds Sells More Shares Than Expected in I.P.O. of TSB UnitThe British bank sold 35 percent of the outstanding shares in its TSB unit and could publicly float as much as 38.5 percent. The I.P.O. valued TSB at 1.3 billion pounds, or about $2.2 billion.
I.P.O. Values Euronext Exchange Operator at $1.9 BillionShares of the spinoff from the IntercontinentalExchange priced at €20 a share, on the low end of its range. The offer was oversubscribed and represented 60.36 percent of Euronext's share capital.