![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgzalNERbjZLNth7etLNtwqfbsMUBuU5Sw4SUvmB3zJRIVg_LwqLw21S9l9pL5D-X9raFW4avIsQjVengzHgW1dw6prL3Pvgp6vbwHcR6y-UI3JYyRR1KGx8eAOTD-M_HC9pAiczAm_G4j5/s1600/us-lgflag.gif)
Six federal agencies, including the
Securities and Exchange Commission, have published for comment a proposed rule to prohibit incentive based pay that encourages inappropriate risk taking in financial institutions: see
here (
pdf). The proposed rule will implement section 956 of the
Dodd-Frank Wall Street Reform and Consumer Protection Act. For an update on the SEC's progress in implementing the Act's rule-making requirements, see
here.
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