Tuesday, 4 August 2015
Last updated 41 min ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…