Difference between revisions of "Volcker Rule - Comment Letter - Kay Hagan, US Senate - January 13, 2012"

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Latest revision as of 22:13, 14 July 2015

Volcker Rule
January 13, 2012

From the comment letter:

Congress made clear that the private funds provisions of Section 619 should focus on preventing banking entities from circumventing the general prohibition on proprietary trading by engaging in short-term trading strategies through the investment of capital in liquid funds. It was not, however, intended to restrict or prohibit other legitimate structures—including foreign funds, joint ventures, venture capital funds, loan funds, securitization vehicles, and structure notes—that are not usually thought of as private equity or hedge funds and do not relate to trading the firm’s own capital.

References[edit]

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