Clinton plan seeks to crack down on Wall Street abuses

Source: AP | October 8, 2015, Thursday |

Online Edition

2016 Democratic front-runner Hillary Rodham Clinton wants to crack down on bad behavior by Wall Street by punishing individual investors, financial managers and traders for misconduct, saying they will be "prosecuted and imprisoned."

Under the plan released by Clinton's presidential campaign, bankers who violate the law would be banned from working in the industry and could find their compensation penalized in a government settlement.

The Clinton campaign says she would also impose a new tax on high-frequency trading. The tax would target trading strategies that involve significant numbers of order cancelations, a practice the Democrat's campaign says makes markets "less stable and less fair."

Her campaign released the plan Wednesday night just days before the first Democratic debate puts her on stage with her primary rivals.

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Clinton plan seeks to crack down on Wall Street abuses

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