September 20, 2010
When President Obama signed into law the Dodd-Frank Wall Street Reform and Consumer Protection Act this past summer, it marked the start of historic legislation that creates a framework for new financial oversight activities and regulations by the U.S. federal government.
The Dodd-Frank law is sweeping legislation, but just one of many recent policy changes designed to modernize financial regulations and enhance protections for investors and consumers. Its passage brings financial regulatory reform into sharper focus and exemplifies the accelerating rate of change in the regulatory environment, the markets and the financial services industry.
To help keep you updated on the latest changes and their impact on our industry and your business, we’re launching “IndustryWatch” — a new resource on the Pershing.com web site. IndustryWatch is a series of communications for financial services professionals that will provide market commentary and insights on regulatory reform issues from Pershing leaders.
IndustryWatch will include briefings by Pershing experts on various regulatory reform topics. Currently, you’ll find details on the Dodd-Frank law and the immediate impact on the broker-dealer and registered investment adviser communities. Learn more about the changing regulations for disclosures, custody rules, investment adviser registration and more.
Many of us at Pershing serve on industry committees and advisory panels that continue to help shape the ongoing regulatory process. We are closely monitoring the changing regulatory landscape and its new requirements, and will be keeping watch on how the changes may affect your business and your clients.
We look forward to helping you stay abreast of the latest regulatory and industry changes as they are communicated.
Rich Brueckner
Chairman,
Pershing LLC