Federal Agencies Approve Final “Volcker Rule”

    View Authors 11 December 2013

    On Tuesday, December 10, the Commodity Futures Trading Commission (CFTC), Securities Exchange Commission (SEC), Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) jointly approved a final rule to prohibit and restrict proprietary trading and certain interests in and relationship with hedge funds and private equity funds. This rule implements Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, also known as the “Volcker Rule.” On Tuesday, December 10, the Commodity Futures Trading Commission (CFTC), Securities Exchange Commission (SEC), Federal Reserve, Federal Deposit Insurance Corporation (FDIC), and Office of the Comptroller of the Currency (OCC) jointly approved a final rule to prohibit and restrict proprietary trading and certain interests in and relationship with hedge funds and private equity funds. This rule implements Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, also known as the “Volcker Rule.”

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