Dodd-Frank.com

Fiduciary Duty Rulemaking Looms for Brokerage Industry

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An article in yesterday’s Wall Street Journal provides a good, short overview of the issues and differing viewpoints surrounding the SEC’s upcoming broker-dealer fiduciary duty rulemaking.   As the article correctly points out, registered investment advisers have long been held to a fiduciary standard vis-a-vis their clients.  The brokerage industry has generally resisted... Read More

Topics: Banking, Litigation, Public Companies and Securities

SEC and CFTC to Hold Roundtable on Governance and Conflicts of Interest in Clearing and Listing of Swaps

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On August 20, 2010, commencing at 9:00 a.m. and ending at 12:00 p.m., staff of the SEC and CFTC (the “Agencies”) will hold a public roundtable discussion at which invited participants will discuss governance and conflicts of interest in the context of certain authority that Sections 726 and 765 of the Dodd-Frank... Read More

Topics: Banking, Energy, Insurance, Public Companies and Securities

SEC Issues Concept Release on Swap Definitions and Announces Roundtable on Clearing and Listing of Swaps

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 Section 712(d) and 721(c) of the Dodd-Frank Act requires the SEC and CFTC to define certain terms such as “swap”, “security-based swap”, “swap dealer”, “security-based swap dealer”, “major swap participant”, “major security-based swap participant”, “eligible contract participant”, and “security-based swap agreement”.   The SEC today posted this concept release to... Read More

Topics: Banking, Energy, Insurance, Public Companies and Securities