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SEC Might Be Too Cozy With Wall Street: Report

Wall Street

A new report by a non-profit government watchdog group says former SEC employees, hired away from the Commission by the private sector, "routinely" help their new employers to influence the agency and blunt SEC enforcement actions.

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Nomura sees profits triple

Nomura's first-quarter profit more than tripled as a surge in brokerage commissions and investment-banking fees outweighed a drop in trading income.