Rushed Volcker Rule Could Mean Compliance Chaos, Attys Say

Law360, New York (October 25, 2012, 7:58 PM EDT) -- Backers of the Volcker rule are pushing for a final version of the Dodd-Frank Act's ban on proprietary trading in short order, but attorneys say that if regulators cannot agree on a single interpretation of the act's many provisions, a rushed rule could be nearly impossible to comply with.

In the wake of reports that the U.S. Securities and Exchange Commission and three banking regulators were locked in a disagreement over a definition of market making that could further delay the release of a final Volcker...
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