Gov’t Shutdown Could Stop SEC From Enforcing Dodd-Frank

Apr 8 2011 | 8:53am ET

SEC Chair Mary Schapiro says the congressional impasse over federal spending will hamper the implementation of Dodd-Frank Act rules like those governing hedge fund registration and derivatives.

Speaking at the Society of American Business Editors and Writers in Dallas on Friday, Schapiro said her commission is “stretched incredibly thin.”

“We can get the rules written, but what we’re not going to be able to do is operationalize them,” she said.

The battle between Republicans and Democrats affects funding for both the SEC and the Commodity Futures Trading Commission. If the two sides fail to reach an agreement by tonight, the SEC would be shut down.
 


In Depth

Steinbrugge: Top 10 Hedge Fund Industry Trends for 2017

Jan 3 2017 | 9:03pm ET

Each year, Agecroft Partners' Don Steinbrugge predicts the top hedge fund industry...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

DarcMatter: The Top Trends in Alternative Investments for 2017

Jan 13 2017 | 8:22pm ET

The $7 trillion alternative investments industry is poised for continued growth...

 

From the current issue of

Securities and Exchange Commission Chair Mary Jo White will step down as chair of the nation’s Wall Street overseer in January, setting the stage for a potential conservative shift in the regulator’s leadership under the incoming Donald Trump administration.