Federal Regulators Are Seeking To Finalize Clawback Incentive-Pay Rules For Wall Street

Federal regulators plan to finalize rules governing employee compensation on Wall Street, potentially concluding one of the most divisive outstanding issues in financial reform. The rules, mandated by the Dodd-Frank Act in 2010, would include a clawback provision to discourage bankers from the kind of short-term profit-seeking that pads paychecks but heightens risks.