Financial markets are facing immense risks because of a lack of funds. Talking about the situation, Chairman of the Securities and Exchange Commission, Mary L. Schapiro, said that the absence of money was having a negative effect on the ability of the body to keep a check on financial markets.

The U. S. Securities and Exchange Commission has given their assent to rules that will need issuers of asset- backed securities to unveil repurchase requests and completions related to the collective assets.

On Thursday, the House voted to nullify a segment of the financial overhaul that was announced quite recently permitting the Securities and Exchange Commission to not to disclose some information that it collects during investigations.

The US Securities and Exchange Commission voted unanimously to propose a ban on the practice of flashing marketable orders.

The SEC said Flash Orders, which are send to a selected group of traders, fraction of a second before making them public, could provide hedge-funds lead over other investors.

Mary Schapiro, chief executive of the Financial Industry Regulatory Authority (Finra), is expected to be nominated as the chairwoman of the US Securities and Exchange Commission (SEC), by the President-elect Barack Obama in Chicago on Thursday.