Feb 8 2013 | 6:12 PM

On Tuesday, February 5, the SEC held a roundtable to discuss the impact that decimalization has had on securities markets and consider if larger tick sizes are necessary “to promote fair and efficient trading, the protection of investors and vigorous capital formation.”

As part of the Jumpstart Our Small Business Startups (JOBS) Act enacted into law last April, Congress directed the SEC “to solicit the views of investors, companies, market professionals and academics to study the effects of decimalization on IPOs, trading, and liquidity for small andmid-cap companies,” said Craig Lewis, SEC’s Chief Economist and Director of the Division of Risk, Strategy, and Financial Innovation.

SEC Commissioner Daniel Gallagher called decimalization “a real issue that affects capital formation at the very important [and] critical...

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Feb 8 2013 | 2:34 PM
Treasury Secretary Timothy Geithner

Treasury Secretary Timothy Geithner (Photo credit: Talk Radio News Service)

Washington is buzzing about reports of former Treasury Secretary Tim Geithner’s book plans, says POLITICO.

Many look for Geithner to offer a vivid, behind-the-scenes take on the Troubled Asset Relief Program (or TARP), President Obama’s stimulus package and other key parts of the...

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Feb 4 2013 | 10:34 PM
English: Portrait of United States Senator Rob...

English: Portrait of United States Senator Rob Portman of Ohio. (Photo credit: Wikipedia)

Too early to think about the 2014 election cycle?  Not so for some executives in the financial services community, who largely backed Romney’s campaign last fall but are considering holding back support for Republican Senate candidates unless the Party demonstrates lessons learned from 2012...

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Feb 1 2013 | 2:47 PM

It's not April 15th (yet), but Sunday, February 3, 2013, marks the 100th anniversary of the ratification of the 16th Amendment, which gave Congress the power to collect income taxes.

A Bloomberg analysis suggests that if the U.S. had the same income tax rates as when the tax was launched in 1913, 86% of U.S. households would be exempt from paying it. The 100-year-old income tax rate would start applying for people making about $70,000, but only at a rate of 1%, with the highest rate topping out at 7%. Those rates would raise about $45 billion per year – enough to fund the government for about four days.

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