• Unfinished Business: A Look at Wall Street, America's Financial Markets and the Obama Administration's Second Term
  • April 22, 2013 | Authors: Michael D. Blatchley; John Rizio-Hamilton
  • Law Firm: Bernstein Litowitz Berger & Grossmann LLP - New York Office
  • President Obama faces many pressing issues in the wake of his reelection this past November, not least of which is ensuring the effectiveness of his financial reforms and continuing America‚Äôs role as a leading financial market. The administration has achieved some notable successes in improving the transparency and integrity of the U.S. securities markets, including the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. In addition, the SEC and other agencies have obtained numerous monetary recoveries and other settlements in enforcement actions. However, many investor advocates believe the Obama administration did not do enough to protect investors in its first term.