James Allen, CFA, head of Americas capital markets policy at CFA Institute, responds to crowdfunding proposals from the SEC and FINRA. The podcast also provides an update on mortgage-market reform, including commentary on the Corker–Warner Housing Finance Reform Bill.
Jair Bolsonaro, the conservative candidate for president of Brazil, has increased his lead over leftist opponent Fernando Haddad, a poll shows. Among expected voters, 59% said they support Bolsonaro, while 41% backed Haddad, according to the survey. Folha de S.Paulo (Brazil) (English online version) (19 Oct.)
Chinese President Xi Jinping said his government appreciates the importance of private enterprise and will continue to encourage the development of private firms. "You should focus on innovation and ... jointly making a better tomorrow," he wrote in an open letter to private business owners. South China Morning Post (Hong Kong) (21 Oct.)
The two parties that make up Italy's coalition government have broken deadlock over a draft budget. However, a source says Italian leaders anticipate the European Commission will reject the proposal for not adhering to an EU deficit limit. Politico (21 Oct.)
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