Reuters Money: Fed's Rosengren slams SEC's plan for U.S. money markets

	Click to View in Browser 09/27/2013 Fed's Rosengren slams SEC's plan for U.S. money markets NEW YORK (Reuters) - A top Federal Reserve official on Friday took a swipe at a fellow U.S. regulator's proposal to rein in money market mutual funds, saying a key part of the Securities and Exchange Commission's plan is a step backward and should be ditched. How Jack Ma can keep a tight grip on Alibaba after an IPO NEW YORK/SAN FRANCISCO (Reuters) - Alibaba Group Holding Ltd founder Jack Ma wants to keep a tight grip on the Chinese e-commerce company he founded even after he takes it public, and U.S. law gives him several ways to do so. Connecticut governor sees partial rail line fix by weekend (Reuters) - Connecticut's governor said Metro North might be able to restore partial power to a vital rail line by the weekend so the thousands of his state's residents who work in New York City, including Wall Street, can return to a more normal commute. U.S.-based taxable bond funds attract $3.3 billion: Lipper NEW YORK (Reuters) - Investors committed $3.3 billion to U.S.-based taxable bond funds in the week ending Sept 25 in the wake of the Federal Reserve's decision not to reduce its bond-buying program, data from Thomson Reuters Lipper service showed on Thursday. Some U.S. brokers not policing 'hold' recommendations: regulator NEW YORK (Reuters) - Some securities brokerages are struggling with an industry rule requiring, among other things, policies to make sure that recommendations to hold securities are appropriate for their investors, according to findings this week by Wall Street's industry-funded watchdog. U.S. municipal bond funds report $159.4 million in outflows: Lipper SAN FRANCISCO (Reuters) - U.S. municipal bond funds reported $159.4 million of net outflows in the week ended September 25, compared with $1.1 billion in outflows in the previous week, according to data released by Lipper on Thursday. SEC says big Ponzi scheme targeted investors in Japan (Reuters) - The Securities and Exchange Commission said it has uncovered an "extensive and egregious" Ponzi scheme run by a Las Vegas executive who raised more than $800 million from thousands of investors, mainly from Japan, over nearly 15 years. California solar policy costing all utility customers: report LOS ANGELES (Reuters) - California's non-solar homeowners are paying a growing share of maintaining the power grid under a controversial state policy, while ratepayers with solar rooftops are paying less, a report commissioned by the state's utility regulator said on Thursday. Detroit eyes freezing pensions, probes city's dysfunction DETROIT (Reuters) - Detroit's emergency manager proposed freezing pension benefits for some current city workers starting in 2014 and will launch a two-month probe into the city's dysfunctional and error-prone handling of employee benefits. Certification board limits pay descriptions of U.S. brokers NEW YORK (Reuters) - Stockbrokers who market themselves as fee-only certified financial planners have been told to modify the way they describe their jobs. Related Video The worst "best" financial advice Facial recognition brings new look to shopping Business News Wall Street falls at open, Washington deadline nears U.S. consumer spending rises as wages boost family income The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend