The act focus on those sectors of the u.S. Financial system that were primarily responsible for the 2007-2008 great recession. Including banks. Mortgage lenders. And crit rating agencies. the subprime mortgages that fuel the housing bubble that arose between 2000 and 2006 during which u.S. Home prices rose by 84%. Dodd-frank creat new agencies such as: the consumer financial protection bureau (cfpb) which protects consumers against abuses by crit card issuers and mortgage lenders. The office of financial research which identifies threats to the financial stability of the u.S. The orderly liquidation authority to oversee the liquidation of large companies. The dodd-frank act also creat the volcker rule which restricts banks from making some kinds of speculative investments.
A primary goal was to outlaw
Top sec legislation for investors to africa email list know the securities act of 1933 mandat feral regulation of original issues of securities of 1934 mandat feral regulation of secondary markets. Original issues are the direct sale of securities to purchasers while previously-issu securities are bought and sold in secondary markets. After 1934 congress pass additional acts to aid the sec. These include: the trust indenture act of 1939 the investment company act of 1940 the investment advisers act of 1940 the sarbanes–oxley act of 2002 the dodd-frank wall street reform and consumer protection act of 2010 the jumpstart our business startups ((jobs)) act of 2012. Dodd-frank act of 2010 nam for its sponsors senator christopher dodd (d-connecticut) and representative barney frank (d-massachusetts).
While the securities exchange act
The sec must consider whether Phone Number IR the new rule will promote “Efficiency. Competition. And capital formation.” whether it is “Necessary or appropriate in the public interest.” and what its effect will be on competition. To institute new rules: the sec must publish a notice of the propos rule in the feral register. The publication kicks off a comment period during which interest parties can provide information or analysis of the propos rule. The sec then responds to significant comments before releasing the final rule which must also include the basis and purpose of the rule.