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July 11, 2008

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Key lawmakers attack trading overhaul plan

The SEC plan, which would bring the broadest changes in stock trading in 30 years, would extend the reach of a rule

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Stocks retreat ahead of Fed meeting

Wall Street pulled back in early trading Tuesday as investors, uneasy before the Federal Reserve's meeting during the afternoon, cashed in some of their gains from Monday's big advance.

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SEC may sue Fidelity ex-trader

NEW YORK - The Securities and Exchange Commission has told Scott DeSano, former head of Fidelity Investments' powerful stock-trading desk, that it is considering civil charges against him in the agency's investigation of gifts allegedly lavished on Fidelity employees by Wall Street firms, according to people familiar with the matter.

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