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Andrew Kelly - 1 Dodd Frank - 1 Dodd Frank Wall - 1 Gary Gensler - 1 Hester Peirce - 1 Goldman Sachs - 1 Douglas Gillison - 1 David Gregorio - 1
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Search resuls for: "Dodd Frank Wall"


3 mentions found


☆ Wall St regulator adopts Dodd Frank rule against trader conflicts
  + stars: | 2023-11-27 | by ( ) www.reuters.com   time to read: +2 min
The seal of the U.S. Securities and Exchange Commission (SEC) is seen at their headquarters in Washington, D.C., U.S., May 12, 2021. The SEC move is mandated by the Dodd Frank law, aimed at eradicating behavior seen in the 2008 global financial crisis. The rule is among the last to be adopted under 2010's Dodd Frank Wall Street reform legislation and faced a winding road to completion. Parties covered by the rule include underwriters, placement agents and sponsors for asset-backed securities. The SEC says it will require compliance with the rule for asset-backed securities with closing dates falling 18 months after the rule appears in the Federal Register.
Persons: Andrew Kelly, Dodd Frank, Dodd Frank Wall, Gary Gensler, Hester Peirce, Goldman Sachs, Douglas Gillison, David Gregorio, Marguerita Choy Organizations: U.S . Securities, Exchange Commission, Washington , D.C, REUTERS, SEC, Republican, Senate, Federal Register, Thomson Locations: Washington ,
☆ U.S. targets '08 crisis trader conflicts in new rule, decade after 1st try
  + stars: | 2023-01-25 | by ( Douglas Gillison | ) www.reuters.com   time to read: +4 min
The rule is among the last to be adopted under the landmark Dodd Frank Wall Street reform legislation of 2010, according to SEC officials. An earlier version of the conflicts rule first proposed in 2011 was never finalized. SEC officials say it would provide exceptions for legitimate activities, such as hedging to mitigate risk, market-making and meeting liquidity commitments. Better Markets, an advocacy organization that promotes more strict financial sector regulation, welcomed Wednesday's rule proposal but vowed to study it. Without citing prominent recent examples of such conflicts of interest in the asset-backed securities market, SEC officials said the conflicts rule was needed to remove the opportunity and incentive for such conduct.
☆ SEC readies Wall Street 'conflicts' rule, a decade after first try
  + stars: | 2023-01-25 | by ( Douglas Gillison | ) www.reuters.com   time to read: +3 min
An earlier version of the conflicts rule first proposed in 2011 was never finalized. When made effective with an SEC rule, the section would prohibit traders from betting against asset-backed securities they sold to investors. According to SEC officials, the rule would ban such actions for up to a year following sale of the securities. According to SEC officials, traders who disclosed bets contrary to clients' investments would still run foul of the rule. Without citing prominent recent examples of such conflicts of interest in the asset-backed securities market, SEC officials said the conflicts rule was needed to remove the opportunity and incentive for such conduct.
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