Friday, 14 October 2011

USA: prohibiting proprietary trading - SEC publishes proposed rules

The Securities and Exchange Commission, in conjunction with the Federal Deposit Insurance Corporation, the Federal Reserve Board, and the Office of the Comptroller of the Currency, has published for comment proposed rules the purpose of which is to implement and clarify Section 619 ("Prohibitions on proprietary trading and certain relationships with hedge funds and private equity funds") of the Dodd-Frank Wall Street Reform and Consumer Protection Act: see here.

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