SEC head urges Congress to act on derivatives (AP)

FILE  - In this June 22, 2009 file photo, U.S. Commodity Futures Trading Commission Chairman Gary Gensler testifies on Capitol Hill in Washington, before the Senate Banking Committee. Gensler criticized Wall Street's stance on proposed new oversight for the shadowy $600 trillion derivatives market Thursday, March 11, 2010. Derivatives have been blamed for hastening the 2008 financial crisis.(AP Photo/Susan Walsh, file)AP - The government's top securities regulator called Thursday for Congress to impose new oversight on financial derivatives, warning that allowing risky instruments like credit default swaps to continue unfettered could bring further economic damage.


SEC head prods Congress on derivatives rules (Reuters)

Reuters - The top U.S. securities regulator said market watchdogs need to supervise credit default swaps, securities blamed for exacerbating 2008's market meltdown and more recently the Greek debt crisis.

How the major stock indexes fared on Thursday (AP)

AP - A rally in financial stocks Thursday helped the market extend its grind higher to a third day.

Stocks climb for 3rd day as financial shares rise (AP)

In this March 8, 2010 photo, a sign for Wall Street is shown near the New York Stock Exchange. Stock futures fell slightly after the Labor Department said first-time claims for jobless benefits fell slightly less than expected.(AP Photo/Mark Lennihan)AP - A rally in financial stocks Thursday helped the market extend its grind higher to a third day.


SEC head urges Congress to act on derivatives (AP)

AP - The government's top securities regulator is calling anew for Congress to impose new oversight on financial derivatives, warning that allowing risky instruments like credit default swaps to continue unfettered could bring new economic damage.