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Mary Schapiro Gets Tougher Treatment Regarding SEC Funding Boost
Securities and Exchange Commission Chairman Mary Schapiro defended the large budget increase sought by her agency in a hearing Thursday as she girded for tougher questioning from House Republicans later in the day on the SEC's performance and her handling of a former SEC general counsel whose mother bank rolled her money with Bernard Madoff.
Ms. Schapiro, who is engaged in a battle with congressional Republicans who are after deep funding cuts for her agency, declared a series of improvements under her watch to assert that the agency was on an upward path after an array of wrong moves, including failure to detect Mr. Maddoff’s huge fraud.
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Pre-Paid Legal Announces 2010 4th Quarter & Year-End Results
Pre-Paid Legal Services, Inc. (NYSE: PPD) reported new memberships produced and new sales associates enrolled for the fourth quarter and for the year ended December 31, 2010. During the 4th quarter of 2010, new sales associates enrolled decreased 54.3% to 28,160 from the 61,623 enrolled in the 4th quarter of 2009 and new memberships produced decreased 20.8% to 117,472 during the 2010 quarter compared to 148,248 for the 2009 quarter.
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Several Romanian Finance Minister Will Be Replaced Due to Cabinet Reshuffling
Due to a Cabinet shuffle amid criticism over austerity measures aimed at meeting international bailout conditions, Romanian Finance Minister Sebastian Vladescu said he will be replaced.
In a phone interview from Bucharest,Vladescu said that he will be replaced by Prime Minister Emil Boc as part of a “political decision.” Vladescu said he does not know who will take his place and is not about to comment on what his departure means for plans to carry out a loan agreement with the International Monetary Fund.