How the senator from Wall Street would toughen financial regulation

401(k)s

Backs Kennedy bill to diversify stock holdings in retirement plans.

ACCOUNTANTS

Ban firms from selling other services to audit clients and ban them from auditing companies that recently hired their staffers as top financial officers. Create new oversight and disciplinary body.

OPTIONS

Force companies to deduct the cost of stock options from their income.

CORPORATE GOVERNANCE

Require prompt disclosure of corporate insiders' transactions. Ensure audit committees' independence with new rules.

CAMPAIGN FINANCE

Ban unregulated, unlimited donations to political parties.

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