Occupy The SEC Sues Fed, SEC, CFTC, FDIC, Treasury

By: Friday March 1, 2013 6:45 am

Occupy The SEC, one of Occupy Wall Street’s offshoots, has filed a lawsuit in hopes of forcing regulators to (finally) finalize the Volker Rule – a provision within the Dodd-Frank Act of 2010. Three years later many of the rules that Congress punted to regulators in the law have not even been made let alone enforced.


Obama Considering Ruth Porat For Deputy Treasury Secretary Despite Dodd-Frank Lobbying

By: Tuesday January 15, 2013 2:50 pm

In her role as CFO at Morgan Stanley Porat has been one of the leaders in killing the Dodd-Frank regulations behind closed doors.

Goldman Sachs Caught Proprietary Trading Again

By: Thursday January 10, 2013 6:45 am

Despite new regulations and outright promises from CEO Lloyd Blankfein, Goldman Sachs is once again engaging in proprietary trading. A practice that lead to a $550 million fine from the SEC when Goldman Sachs mislead clients in order to promote its own accounts. The solution under Dodd-Frank to this behavior was the Volker Rule but now it seems Goldman Sachs is prop trading anyway.

Why It Is Vital to Close the ‘Hedging’ Exemption in the Volcker Rule: A Simple Explanation

By: Sunday May 27, 2012 5:00 pm

In the wake of the JPMorgan Fail-Whale trading scandal, there is now renewed pressure on regulators not to give in to industry lobbying seeking exemptions to the Volcker Rule banning proprietary trading for Banks who want a government guarantee on their liabilities. So it is important to lay out the reasoning behind not allowing an exemption for so-called ‘hedging’ trades.

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