CFTC Issues Final Foreign Exchange Trading Rules; Leverage Proposal Relaxed after Outcry

The Commodity Futures Trading Commission late Aug. 30 announced rule changes designed to rein in the fraud-riddled retail foreign exchange trading marketplace, prescribing…

SEC Lets Moody’s Off, but Warns Credit-Rating Agencies It Will Use New Authority under Reform Act

The Securities and Exchange Commission Aug. 31 said it has decided not to pursue an enforcement action against Moody’s Investors Service Inc. (MCO) involving conduct occurring in Europe because of “uncertainty” over…

SPECIAL REPORT: Retail Bank Firms, Fearing a Buzzsaw, Eye New Compliance Tests for Fairness

Retail financial services firms are facing hundreds of new regulations under a newly minted financial reform law, but the real compliance test for a specific product or service may boil down to just one question: Is it fair?

BNA INSIGHTS: Financial Industry Reform: New Registration, Recordkeeping, and Reporting Requirements for Private Fund Managers

The Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”) will fundamentally change many aspects of financial industry regulation in the United States.

BNA INSIGHTS: Dodd-Frank Wall Street Reform and Consumer Protection Act: An Examination of the Credit Rating Agency Provisions

On July 21, 2010, President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”). The law covers a wide variety of topics in…

Senators Urge ‘Robust’ Rules, Enforcement for Banks’ Proprietary Trading Restrictions in Dodd-Frank Reform Law

In the latest sign that lawmakers intend to take a hands-on approach during implementation of the new financial reform law, Sens. Jeff Merkley…

Senators Introduce Bill to Delete SEC Transparency Exemption in Dodd-Frank Law

Four senators Aug. 5 introduced a bipartisan bill to eliminate a provision under the recently enacted financial regulatory reform law that they believe allows…

Supreme Court Decision in ‘Foreign-Cubed’ Case Could Drive Global Class Actions to Other Jurisdictions

The U.S. Supreme Court’s recent decision in Morrison v. National Australia Bank Ltd. could drive transnational class actions to other countries such as…

Vast Scope, Challenges of Reform Legislation Discussed

The Dodd-Frank Wall Street Reform and Consumer Protection Act is striking for the “sheer breadth of undefined authority” given to regulators to put into…

New Kind of Rulewriting Foreseen as Reform Focus Shifts to Implementation

A different kind of rulewriting process may be in store as federal regulators gear up to implement the Dodd-Frank Wall Street Reform and Consumer Protection Act…

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