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Volcker Rule Will Impact Private Fund Industry by Cyane B. Crump
Hunton & Williams LLP - Richmond Office
James S. Seevers
Hunton & Williams LLP - Richmond Office
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July 30, 2010
Previously published on July 2010
On July 15, 2010, the Senate approved the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Act”), previously passed by the House on June 30, 2010. President Obama is scheduled to sign the Act into law on July 21, 2010. The Act includes expansive financial industry regulatory reforms, including new restrictions on the private investment fund activities of banking entities and their affiliates, known as the “Volcker Rule.”1 This analysis discusses the Volcker Rule’s impact on the private investment fund industry.
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