Regulators may not have authority to delay Dodd-Frank, warn lawyers
Market participants could face a surge in disputes as a result of legal ambiguity arising from the delayed implementation of the Dodd-Frank Act, say some lawyers.
Dodd-Frank is scheduled for implementation on July 16, but with large areas of rule-making unfinished – including fundamental definitions about the products and market participants covered by the rules – both the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have issued notices to postpone
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