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applications to the securities regulator.
Mr. Bloomberg's ties to the securities industry are both sentimental and self-interested.
The plan has not yet been submitted to the securities agency.
"The wording of the statute is not necessarily applicable to the securities industry," she said.
In the afternoon, jurors asked for a series of exhibits related to the securities fraud charge.
So, owners of the notes put them back to the securities firms that had sold them.
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Last year, consumers spent $6 billion on securing their homes, according to the Securities Industry Association.
Mr Thain has sent his proposal to the Securities and Exchange Commission.
Corporations already do this when they report their pension numbers to the Securities and Exchange Commission.
But MF Global objected, appealing Finra's ruling to the Securities and Exchange Commission.
That investigation led to a referral to the Securities and Exchange Commission, Mr. Schimpfhauser said.
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