• The Wall Street Reform and Consumer Protection Act of 2009: Impact on Broker-Dealers and Investment Advisers
  • December 31, 2009
  • Law Firm: Winston & Strawn LLP - Chicago Office
  • On December 11th, the House of Representatives narrowly passed “The Wall Street Reform and Consumer Protection Act of 2009” (the “Bill”). The Bill provides a comprehensive plan for financial regulatory reform, protection of consumers and investors, enhanced Federal understanding of insurance issues, regulation of the over-the-counter (“OTC”) derivatives markets, and numerous related matters. While the Bill represents the House’s view of how to regulate the financial markets, it must be resolved with whatever legislation finally is passed by the Senate, which currently is in the process of producing its own bill.