Professor Sidney Shapiro quoted in The Huffington Post about the SEC delaying the Dodd-Frank Rule
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Office of Communications and Public Relations
June 24, 2011
Another week, another Dodd-Frank proposed rule gets delayed and watered down.
The Securities and Exchange Commission approved on Wednesday new rules for hedge funds and private investment advisers that manage more than $150 million in assets to register with the SEC and disclose information about their operations.
But the implementation of the rules have been delayed nine months until March 30, 2012, and the SEC exempted small hedge funds and venture capital funds from most reporting requirements. The rules were passed in a divided vote, with Republican commissioners complaining that the exemptions were too narrow.
Last week, The Watchdog reported that key regulators, including the Commodity Futures Trading Commission and the SEC, delayed and weakened new rules and regulations.
Read the full story here.