US President Barack Obama said on Thursday that he is ending the “wet-foot, dry-foot” policy , which automatically allowed Cuban migrants to stay in the US. This repeal will be effective immediately. Obama said Cuban migrants will now be treated “the same way we treat migrants from other countries.” The Cuban government has agreed to [...]

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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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