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.
|By: DSWright Friday March 1, 2013 6:45 am|
|By: DSWright 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.
|By: DSWright 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.
|By: Obey 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.