President Barack Obama is set to undo some of the regulations put in place after the dot-com crash in the 1990s, according to Bloomberg.
One measure in the bill will ease securities rules for closely held firms, and restore communication between bank research and underwriting arms. Those links were restricted in 2003 by regulators and by the New York attorney general. The banks agreed to the limits after the attorney general’s office obtained emails that privately criticized stocks the banks were publicly promoting.
Read more at Bloomberg.