At an open meeting on February 24, 2010, the Securities and Exchange Commission adopted a new short sale price test by a 3-2 vote. Commissioners Casey and Paredes opposed the rule in forc...
On January 4, 2010, the Financial Industry Regulatory Authority (“FINRA”) proposed for public comment new rules (the “Proposed Rules”) that would govern FINRA’s New Membership A...
President Barack Obama’s announcement that his Administration would seek to limit both the activities and size of U.S. financial institutions (the “Obama Proposal”) immediately gene...
On December 3, 2009, the Financial Industry Regulatory Authority (“FINRA”) proposed for public comment new rules (the “Proposed Rules”) that would govern registration and qualific...
The Securities and Exchange Commission (the “SEC” or the “Commission”) has issued a concept release that is the cornerstone of its review of equity market structure. The 74-page c...
What follows is a summary of the Wall Street Reform and Consumer Protection Act passed by the House of Representatives on December 11, 2009. The Act, like Senate Banking Committee Chairma...
Taking another step in its review of equity market structure issues, on November 13, 2009, the Securities and Exchange Commission (the “SEC”) released a proposal to increase the trans...
This summary compares the Restoring American Financial Stability Act of 2009, referred to as the “Dodd bill,” with various other legislative proposals.
The legislative season for financial regulatory reform is now in full swing. In the last two weeks, the leadership of the House Financial Services Committee and Treasury have jointly prop...
