The Volcker Rule (an aspect of the Dodd-Frank Act that requires banks to stop trading with their own money) goes into effect on July 21 of this year – and yet: important questions remain unanswered. Not the least of which: will banks be required to end proprietary trading this July? Or, can they continue until… Read more »
What’s on your mind? Human trafficking, the mortgage foreclosure settlement, investor visas to the US, and HIPAA compliance and violations, among other things. For your reference, here’s a look at the most-read Corporate Law Report posts over the past month: 1.California Transparency in Supply Chains Act Takes Effect January 1, 2012 “The California Transparency in… Read more »
Speaking before the House Financial Services Committee late last month, Federal Reserve Chairman Ben Bernanke announced that the Volcker Rule, one of the most contentious pieces of the Dodd-Frank Act, will not be completed before its July deadline. What does the delay mean for the broader financial regulatory reforms of the Dodd-Frank Act? For… Read more »
From Lowenstein Sandler’s Investment Management Group, a comprehensive (and practical) “summary of recent legislative and regulatory developments that impact the investment management community.” The advisory includes “checklists of year-end considerations for private investment funds, investment advisers, commodity trading advisors and commodity pool operators” covering a broad range of issues: Form PF and related rulesAmended SEC… Read more »
Earlier this month the Securities and Exchange Commission joined three other federal agencies in proposing regulations to implement Section 13 of the Bank Holding Company Act, also known as the Volcker Rule. Part of the Dodd-Frank Act, the proposed rule would bar banking institutions from ‘proprietary trading’ (trading for benefit of the bank versus the… Read more »
