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On February 17, the Securities and Exchange Commission and the Federal Deposit Insurance Corporation "jointly propos[ed] a rule to implement provisions applicable to the orderly liquidation...
On February 17, the Securities and Exchange Commission and the
Federal Deposit Insurance Corporation "jointly propos[ed] a
rule to implement provisions applicable to the orderly liquidation
of covered brokers and dealers under Title II of the Dodd-Frank
Act[.]" The two government agencies issued the proposed
rule pursuant to the Dodd-Frank Act, which specifically empowers
them to regulate the liquidation of specific large financial
entities. Release.
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