Pena Nieto's intention of opening the oil behemoth to more private and foreign investment has set off warnings among leftists about the privatization of an enterprise whose nationalization is seen by the left as a source of national pride.
The House Financial Services Subcommittee on Capital Markets sent a letter this week to Securities and Exchange Commission (SEC) Chairman Mary Schapiro announcing their intention to hold hearings to consider the recent SEC staff study which proposed fundamentally changing the regulatory regime for investment advisers and broker-dealers.