the f.c.c. in an increasingly global, financial regulatory system from the view 18. of a chair on day already i find myself emphasizing to some outside of our agency that the international aspect of the f.c.c.'s role is not a distraction from our important orner domestic duties. hat must be understand to full ly understand the duties of the f.c.c. and it is now -- it is how we're actually at the f.c.c. furthering that mission through our international efforts that i will speak just a bit about today. let me start with an expression of deep admiration for the f.c.c. and its staff. every since my time as u.s. attorney in new york, i've been impressed by the talent and the dedication of the men and women at the f.c.c. that view has only solidified in the three weeks i've been on the job. despite the complexity of the system and the challenges it presents regulators. the staff is doing an exceptional job of protecting investors and facilitating the flow of capital to businesses across the country. in

show the f.c.c. however it's for we are not as they seem to not quite grasp the importance of consolidated quote and the importance of latency in system importance of peace and consolidated for audit trail purposes so you did talk with the f.c.c. and i'm just wondering if you had to have the opportunity to also talk to maybe the c.f. to see and did you find them receptive to what you had to say or were they just forced to listen to you because you were the only guys out there providing this kind of data. the c m d c it was worse than it was under a car window invited us out to live two thousand and ten after we published what we found on the flash pressure or he was very receptive of. connectedness with many others and to see if the city even set a per ounce you are on this and with it we have been running be able to start actually working with state or we said the home of the plant. that was kind of the end of the f.c.c. it seems like they've always been forced to listen or that age have to have also

and that was kind of the end of it and the f.c.c. it seems like you've always been forced to listen. well there is also prevalent and the future is and so in that regard the commissioner of the c f t c has said he wants to put a good housekeeping sam of approval on every hour go and this is maybe a little i think of all your what are your thoughts on how to reign and some of the damage that you see these algos posing to far less of. i don't understand why this loan to find these things is there so obvious to us we've been interested for a long time and there are obvious to others for us who is who who work in supermarket data there's no excuse for the blatant it's good and even more blatant going up. all the water but when. jones sort of puts out a paper that shows that the top te's tain't likely to be fifty nine percent of the time you believe they're successful you see exploratory trading which is we need to be a loser strategy when their paper comes out of the c o t c s academic program using c.d.c. data and your response it's to c

and that was kind of the end of the f.c.c. it seems like they've always been forced to listen for that age active also prevalent in future areas and so in that regard the commissionaire parts help then at the c f t c has said he wants to put a good housekeeping fan of approval on every hour about and they think it is maybe a little. ok of all your what are your thoughts on how to rain and some of the damage that you think posing. far less than. i don't understand why it's taken you this long to find these things is there so obvious to us who've been interested for where it's moved who who work in supermarket area there's no excuse for this isn't a blatant it's getting even more blatant elation going up. all the walk away and. just sort of puts out a paper that shows at the top a ship tees tain't likely to be fifty nine percent of the time and then if they're successful you see exploratory trading which is and we need the loser strategy when that comes out of the c o t c s academic program using c a t c data and your response is

a state regulator as an illegal offer so this sort of clarifies that rule and there's no reason the f.c.c. shouldn't have implemented by now in fact there are some who argue that they want it that it went into effect on a manically and that somebody should somebody should test it but really i mean again it doesn't suspend any you know anti-fraud laws and try and and truthful information should be made available to investors even if they lack the opportunity to to invest in this particular company thank you so much for the way you ariens down for allowing the competitive enterprise and sales. and stay tuned because at next we're going to get the details of how general petraeus landed a gig at k k r now we're going to highlight how twitter is fighting at what he levels to say sam. i would rather as questions for people in positions of power instead of speak on their behalf and that's why you can find my show larry king now right here on our t.v. question more. i . i. i was a new alert and scripts scare me a little. there is breaking news tonight we are continuing to follow the breaking news

it's just no there's no way to reconstruct it well moving on the f.c.c. it spent millions on its might a system just to be able to monitor the equity markets and real time now why didn't i think come to new and to subscribe to your services for just you know i feel thousand dollars. to have the budget. that's a very good question not. the one the one thing that bothers me the most about how that went was. that not just a normal wasting billions women could have constant since they're not even. looking it's almost like they didn't want to know if you want to hear from one. in this impossible to build a consolidated all of interest system with the way. at the end video it's not used from the set you know want to know that information fair you may have seen this innovation around the internet i mean i built at specifically to show the a c c however it's for we were not as they seem to not quite grasp the importance of consolidated quote and the importance of latency in system importance of decent consolidated for audit trail purposes so you did talk with the

have a bank ok so the f.c.c. has a new are actually a dodge frank implemented a three year ban on commercial firms from owning and duster alone companies this expires in july we know that wal-mart has looked after a charter for a bank for several years they dropped that two thousand and seven so people still speculate they might still want to charter i don't know do you think wal-mart should be allowed to start a bank well that's an interesting point because wal-mart is already in the banking industry and in mexico in canada in the u.k. and they're already in the bank and the banking industry to an extent in terms of cash trucking and bill payment in the u.s. and they would love to get in the business of providing loans because that gives them protection it does not give them access to the discount window but that's another story well some people believe that. commerce however this dogs for a moratorium only applies to firms that have less than fifteen percent of their assets tied to financial activities so you c

this new chairwoman says that well we have to do this now so suddenly it's in the balls court of the f.c.c. to implement these new rules and this has to do with the creation of an opportunity for business to raise capital that in the private markets through general solicitation there's a lot of questions with this rule so we will say that mary jo white once opposed the rules through and then deal with investor protections later however i don't know if the rule. protects investors or not well that's and that's up for debate because the funny thing about this rule is that when it comes to raising capital in the private markets when you have a general solicitation you can advertise on the company's website you can advertise in print but this doesn't necessarily mean that the protections will be afforded for accredited investors. i mean why does it really matter and incredible investor in this in this instance has to have an annual income of greater than two hundred thousand dollars or a net worth of greater than a million dollars exact so basically you have to be an investor and you. know you

i would much prefer to see a proposal be put out by the f.c.c. and by the end i think virtually everyone if not everyone on the upside agrees with the pressure to reform them all tied trillion dollar money market fund industry is the evidence is a key part of the shadow banking system that seized up during the financial panic we'll talk to stim aggressive and more with former o.m.b. director david stockman and a bit finally a little birdie told us the winners added in i.p.o. experts who would payroll that's right cynthia gale or hails from morgan stanley and her seventeen years investment banking experience include work with facebook in linked in investors and facebook love i.p.o. are still reeling in from a disappointing star in mixed earnings results hopes are that twitter will be able to tap in new revenue streams without drawing user anger all right let's get to what's in your prime minister. david stockman was president reagan's budget director from one nine hundred eighty one to one thousand nine hundred five prior to that he was a member in

this new chairwoman says that well we have to do this now so suddenly it's in the balls court of the f.c.c. to implement these new rules and this has to do with the creation of an opportunity for business to raise capital that in the private markets through general solicitation there's a lot of questions with this rule so we will say that mary jo white once opposed the rules through and then deal with investor protections later however i don't know if the rules even. well that's that's up for debate because the funny thing about this rule is that when it comes to raising capital in the private markets when you have a general solicitation you can advertise on the company's website for ties and print but this doesn't necessarily mean that the protections will be afforded for accredited investors i mean why does it really matter and encouraging and best in this in this instance has to have an annual income of greater than two hundred thousand dollars or a net worth of greater than a million dollars exactly so so you have to be investor and you know you don't have to be rich to be an investor

white the newly appointed as he is the chair testified to the house appropriations subcommittee on the f.c.c. budget so let's take a look now at mary jo white the woman who was picked to oversee the securities industry when she was first nominated for the position we saw reports book claiming mary jo white has a record of tough prosecutions and mary jo white will be a get tough as easy chief to keep wall street in line well maybe she could rail and a whale of a banker like jamie diamond as the u.s. attorney for manhattan she was. some high profile cases against mobsters terrorist and financial probs while securing convictions against the mastermind behind the one nine hundred ninety three bombing of the world trade center and against mobster john gotti bad but there is another side to mary jo white one that was made humorously evident during a panel at the n.y.u. school of law. finally to my extreme let's we have mary jo white currently a partner and head of litigation that dept boys and plimpton where she seems to represent just about every a defendant or institution that has anything to do

discussion is insider trading should it be a crime at all and you know well senator charles grassley and the f.c.c. are investigating another case i've been watching congressional aide might have given health care investors advanced information about a change to medicare provision and the staffer his name was stephanie carlson. i work for senator orrin hatch she possibly we political intelligence that ended up moving the market you know i think it was thirty minutes into the close there was a bit of information that came out and it was leaked by her so we got to market market moving event and a lot of people made money off of this it's pretty common in congress and that's kind of what the stock you know the stock was meant to when this was that political intelligent it was it. she she had there was a deal struck between the c.m.s. and the senate finance committee and she might have known about this it might have told somebody and this was public information but i think the question is when is it considered public information and when is it still insider information well besides political intellige

this new chairwoman says that well we have to do this now so suddenly it's in the balls court of the f.c.c. to implement these new rules and this has to do with the creation of an opportunity for business to raise capital that in the private markets through general solicitation there's a lot of questions with this rule so we will say that mary jo white once opposed the rules through and then deal with investor protections later however as. i don't know if the rule even protects investors or not well that's and that's up for debate because the funny thing about this rule is that when it comes to raising capital in the private markets when you have a general solicitation you can advertise on the company's website you can advertise in print but this doesn't necessarily mean that the protections will be afforded for accredited investors i mean why does it really matter and in crime and. in this in this instance has to have an annual income of greater than two hundred thousand dollars or a net worth of greater than a million dollars exact so basically you have to be an investor. no you don't ha

occupy the f.c.c. also raise the issue that a former as he's the chairman had to recuse himself from many cases that involve his prior clients why because the oath of office every as the the chairman must take this would allow a jamie diamond eggs like his very own at j.p. morgan to receive an extended pass because white defended j.p. morgan from two thousand and ten to two thousand and twelve and several cases relating to the financial crisis and this is how we profile mary jo white our newest ses the chairwoman. and it's time for the daily jewel joining me is our t.v. producer bob inglis good to see you again thanks for joining me so evidently quotable bart chilton of the c f.t.c. he added again he's the commissioner of the futures industry regulator he says if anyone is going to regulate big coins as should probably be the c f.t.c. because it might be a commodity that can be used and driven if and traded on computers so what do you think this the rating because well first you've got to love bird chi

while i oppose the f.c.c.'s rules regulating the internet, this legislation does not address this regulation. while they can help delineate the contours of statutory authority, they don't create statutorily mandated responsibilities. none the less, in terms of moving this important legislation forward, i agreed to drop the government control language. the result is the language you see today in h.r. 1580 which i introduced with ranking member eshoo. this bill would make it u.s. policy to preserve and advance the successful internet. so passing h.r. 1580 will show we are united against efforts against authoritarian nations to regulate the internet. for the stake of the internet and the freedoms it brings, i ask my colleagues to vote for the bill, and i reserve the balance of my time. the speaker pro tempore: the gentleman reserves the balance of his time. the gentleman from vermont. mr. welch: thank you, mr. speaker. i want to thank my colleague and my chair in the subcommittee and thank you for your fine leader

quarterfinals of the m want drama three the most there was also a victorious return just love us to the f.c.c. to the number one challenge like the tango party. and that's just a hard time to stay change the pot to go away. wealthy british scientists are some time to explain the free. market why not. come to find out what's really happening to the global economy with mike's concert for a no holds barred look at the global financial headlines tune in to kaiser report on our. choose your language call if we can we know if. someone. chooses to use the consensus get to. choose to get pentiums that you think are great. choose the stories that impact your life choose the access to your office. do we speak your language. school music programs and documentaries in spanish matters to you breaking news a little tonnage of angles kidney's stories. you hear. detroit all teach spanish find out more visit. welcome back to part two of this porsche now saturday's legends tournament in martial arts boasted one of the best fight cards ever seen in moscow and produced a stunning defeat like a one heavyweight st

i would much prefer to see a proposal be put out by the f.c.c. and by the end i think virtually everyone if not everyone on the outside agrees with the pressure to reform them all tied trillion dollar money market fund industry and the evidence is a key part of the shadow banking system that seized objects in the financial panic we'll talk to stim aggressive and more with former o.m.b. director david stockman and a bit finally a little birdie told us that the winners added an i.p.o. expert to what payroll that's right cynthia gaylord hails from morgan stanley and her seventeen years investment banking experience include work with facebook and linked in investors and facebook club i.p.o. are still reeling in from a disappointing star in mixed earnings results hopes are that twitter will be able to tap in new revenue streams without drawing user anger all right let's get to what's in your interest. david stockman was president reagan's budget director from one nine hundred eighty one to one thousand nine hundred five prior to that he was a member of

of the jobs act would expand crowd funding to equity investments but we're patiently waiting on the f.c.c. to release the new regulations for more on this topic i spoke with philip alice the president about his business advisors which is an international management and financial consulting consulting firm let's see what philip had to say. going to be able to approach these folks that may not know about your investment and really by the way these two hundred eighty six thousand invest twenty one billion dollars in startups today so if you could reach you know the other ninety five percent imagine what you could do that's kind of the i think that's really the big story here for crowdfunding so then do you have to be an accredited investor to invest in a crowdfunding popcorn right now if you want to an equity investment you actually have to be a credit investor with if assuming the jobs act gets their act together. and they decide to make the rules then there will be an opportunity for a certain limited number of non-accredited investors to invest in equity investments in start up companies

global front line regulator they conducted a mini audit just before john corazon blew up the firm now the f.c.c. is targeting the nasdaq exchange because of the botched i.p.o. facebook last year we're expecting to see a record settlement soon but it will likely have to be approved by a total board and finally apple c.e.o. tim cook released details of his new corporate tax reform plan ahead of his trip to congress next tuesday as we covered yesterday apple currently holds over one hundred million dollars in cash and investments on overseas profits they recently conducted several large bond offerings to get around tax laws now whether you agree with apple strategy or not this will be a heavily watched of them and there are trillions of global corporate money at stake here prime interest will be covering this event next week on the hill and we'll bring you all the details on it so let's get to what's in your prime interest today. some are calling this a classic example of david versus goliath playing out on the national stage monsanto's herbicide resistant roundup ready crops makes up more than ni

i would much prefer to see a proposal be put out by the f.c.c. nd by the end i think virtually everyone if not everyone on the upside agrees with the pressure to reform them all tied trillion dollar money market fund industry and the evidence is a key part of the shadow banking system that sees the object of the financial panic we'll talk to stim agr.

i would much prefer to see a proposal be put out by the f.c.c. and by the end i think virtually everyone if not everyone on the of suck agrees with the pressure to reform them all tied trillion dollar money market fund industry and the evidence is a key part of the shadow banking system that seized up during the financial panic we'll talk systemic risk and more with the former o.m.b. director david stockman and a bit finally a little birdie told us the winners added in i.p.o.'s. expert she would payroll that's right cynthia gale or hails from morgan stanley and her seventeen years investment banking experience include work with facebook and linked in investors and facebook to love i.p.o. are still reeling in from a disappointing start and mixed earnings results hopes are that twitter will be able to tap a new revenue.

i would much prefer to see a proposal be put out by the f.c.c. and by the i think virtually everyone if not everyone on the upside agrees with that the pressure to reform them all tied trillion dollar money market fund industry is the evidence is a key part of the shadow banking system that seized objects in the financial panic we'll talk to stem aggressive and more with former o.m.b. director dave. stockmen and a bit finally a little birdie told us the winners added in i.p.o. expert she would payroll that's right cynthia gaylord hails from morgan stanley and her seventeen years investment banking experience include work with facebook and linked in investors and facebook twelve i.p.o. are still reeling in from a disappointing star in mixed earnings results hopes are about twitter will be able to tap in new revenue streams without drawing user anger all right let's get to what's in your interest.

have a bank ok so the f.c.c. has a new are actually a dodge frank implemented a three year ban on commercial firms from owning and duster alone companies this expires in july we know that wal-mart has looked after a charter for a bank for several years they dropped that in two thousand and seven so people still speculate they might still want to charter i don't know do you think wal-mart should be allowed to start a bank well that's an interesting point because wal-mart is already in the banking industry and in mexico in canada in the u.k. and they're already in the bank and the banking industry to an extent in terms of cash trucking and bill payment in the u.s. and they would love to get into the business of providing the loans because it gives them protection it doesn't give them access to the discount window but that's another story well some people believe that. commerce however this died for a moratorium only applies to firms that have less than fifteen percent of their assets tied to financial activities so

criminal insider trading charges this after he recently had to pay six hundred million dollars to the f.c.c. to settle civil charges borne of senior executives were given subpoenas to testify before a grand jury many are looking at this case as a bellwether for the largely unregulated hedge fund industry it seems the top dogs in this finance sector are not too big to fail. and finally japan's money print money printer and shiva said he would do more to her own as domestic bond market commencing the most aggressive program in the history the yen has more than thirty two percent of its value relative to the dollar and bond yields have a spiked the most in decades with a new stock index is also up substantially until recently that is when it crashed in eye watering at seven point three percent in a single day as a tough gig for central bankers who want to have their cake and. here's what's in your primitives. as you may be well aware last week prime interest producer bob inglis and i attended the conference and sam has a california now we have the opportunities and mayor investor entrepreneur

criminal insider trading charges this after he recently had to pay six hundred million dollars to the f.c.c. to settle civil charges borne of senior executives were given subpoenas to testify before a grand jury many are looking at this case as a bellwether for the largely unregulated hedge fund industry it seems the top dogs in this finance sector are not too big to fail and finally japan's money printing money printer and she even said he would do more to her opponents as domestic bond market commencing the most aggressive program in the history the yen has more than thirty two percent of its value relative to the dollar and bond yields have a spiked the most in decades with a new stock index is also up substantially until recently that is when it crashed in eye watering at seven point three percent in a single day as a tough gig for central bankers who want to have their cake and. here's what's in your primitives.

criminal insider trading charges this after he recently had to pay six hundred million dollars to the f.c.c. to settle civil charges border senior executives were given subpoenas to testify before a grand jury many are looking at this case as a bellwether for the largely unregulated hedge fund industry it seems the top dogs in this finance sector are not too big to fail and finally japan's money printing money printer and she said he would do more to her volatility as domestic bond market commencing the most aggressive program in the history the yen has more than thirty two percent of its value relative to the dollar and bond yields have a spike the most in decades where the new stock index is also up substantially until recently that isn't clear. asked an eye watering of seven point three per cent in a single day as a tough gig a presidential banker's you want to have their cake and eat it here's what's in your prime interest. as you may be well aware last week a prime interest producer bob inglis and i attended the beck wing conference and san jose california now we have the opportunity t