The US House of Representatives approved the SEC Regulatory Accountability Act on Thursday, which requires the Securities and Exchange Commission to perform a cost-benefit analysis before implementing any new regulations. According to the summary of the bill, the SEC “shall consider impact on investor choice, market liquidity, and small businesses” in performing the analysis. The [...]

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The Bank of New York Mellon Corp. agreed to pay $6.6 million to resolve charges from the Securities and Exchange Commission (SEC) on Thursday. The civil chargers were filed after the bank miscalculated its risk-based capital ratio. The SEC claims that BNY Mellon excluded approximately $14 billion in collateralized loan obligation assets from its calculations. [...]

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The US Court of Appeals for the Ninth Circuit ruled Thursday that plaintiffs may sue Apple for violating antitrust regulations by forcing users to purchase apps exclusively through their app store. The court held that plaintiffs have standing to sue Apple because the communications company only permits developers to sell applications for Apple devices exclusively [...]

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The internal watchdog of the US Department of Justice (DOJ) announced Thursday that it will be investigating the DOJ and the FBI for their handling of the probe into Hillary Clinton’s private e-mail server. The DOJ Office of the Inspector General will give special focus on allegations that these entities disclosed private information and that [...]

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The American Civil Liberties Union (ACLU) on Thursday released its first report on the effects of solitary confinement on inmates with physical disabilities. The report, titled “Caged In: The Devastating Harms of Solitary Confinement on Prisoners with Physical Disabilities,” details how prisoners in solitary confinement are kept in small cells roughly the size of parking [...]

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