Obama admin seeks boost to SEC investor protections

WASHINGTON, July 10 (Reuters) - The Obama administration on Friday proposed legislation to strengthen the Securities and Exchange Commission's investor protection authority, including the power to ban certain forms of compensation for brokers and investment advisers.

The bill, one of several financial regulatory reform bills sent by the U.S. Treasury to Congress this summer, aims to boost disclosure to investors, close gaps in standards and pay whistleblowers for information that can be used in enforcement actions. (Reporting by David Lawder)