The Dodd-Frank bill was passed with just 60 votes. The legislation now awaits President Obama's signature early next week. Key points in the legislation impacting investment firms include:
- New registration requirements for hedge funds, private equity funds, municipal advisors and investment advisers
- New transparency and accountability rules for OTC derivative instruments
- New enforcement initiatives for existing rules
- Restrictions on prop-trading
- Empowering the SEC to impose fiduciary standards on brokers
- Increased funding for the SEC to support the new rulemaking and enforcement activity (at least 95 new rules will be promulgated)
View Dodd-Frank summary on financial regulatory reform legislation
Learn about FrontLine's Hedge Fund/Private Equity Fund Registration and Compliance Services
Learn about FrontLine's Regulatory Response Services
FrontLine Compliance, LLC is a regulatory compliance consulting firm of former high-level regulatory insiders offering customized services to broker-dealers, investment advisers, investment companies, hedge funds, and insurance company affiliates. Staffed by former SEC and FINRA regulators, and chief compliance officers, FrontLine Compliance provides the kind of industry knowledge, experience and expertise on regulatory issues only available from well-seasoned insiders. For more information about the firm, please visit www.frontlinecompliance.com.
FrontLine Compliance, LLC
phone: 888-518-8070
email: info@frontlinecompliance.com
www.frontlinecompliance.com
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