Receive Breaking News updates as they occur
By John McCrank NEW YORK (Reuters) - The U.S. Securities and Exchange Commission is convening a group of financial industry veterans for the first time next month to consider stock market reforms, but one group will be conspicuously absent: retail brokerages. The SEC's 17-member Market Structure Advisory Committee includes representatives of fund companies, an exchange, off-exchange trading venues, dealers, and academia, among others. The group, which meets four times a year, will review old rules, and advise the SEC on a range of new regulations designed to make sure the market is as stable and fair as possible. Still, given that the SEC has said its main priority is to protect retail investors, the omission of retail brokers raises questions, because without their point of view the panel may recommend changes that favor institutional investors, analysts said.
Syrian government air strikes on a marketplace Sunday killed at least 40 civilians, including women and children, in a rebel-held town near the border with Turkey, a monitoring group said. The strikes on Darkush came a day after rebels seized Jisr al-Shughur, another town some 20 kilometres (12 miles) to the south and in the same province of Idlib. Among the dead were nine women and eight children," said Rami Abdel Rahman of the Syrian Observatory for Human Rights. Jisr al-Shughur was one of the regime's last remaining strongholds in the northwestern province, and its fall has left government-held territory elsewhere in neighbouring Latakia and Hama provinces open to new attack.
KATHMANDU, Nepal (AP) — Shell-shocked and sleeping in the streets, tens of thousands of Nepalese braced against terrifying aftershocks Sunday while digging for survivors in the devastation wrought a day earlier by a massive earthquake that ripped across this Himalayan nation and killed more than 2,500 people.