Subscribe to the Finance Headline RSS feed |
Subscribe to the Finance Headline feed via EmailDodd Bill Treads Some New Ground, While Also Echoing Goals of Earlier Draft
March 16, 2010 in Banking Report · Leave a Comment
At a press conference March 15, Sen. Chris Dodd (D-Conn.) unveiled a highly anticipated financial regulatory reform bill that may garner less support from the securities industry than the draft he circulated in November.
Unlike the draft, the current bill embraces the Obama administration’s controversial Volcker rule, which would restrict proprietary trading by certain financial institutions. In addition, the bill stops short of seeking to harmonize the rules that govern investment advisers and broker-dealers that also provide…












