Obama Presidency Will Mean More Regulation

Law360, New York (October 31, 2008, 12:00 AM EDT) -- President-elect Barack Obama's incoming administration will likely bring widespread changes to how the securities and financial services industries are regulated, possibly leaving the current framework unrecognizable.

Newly-elected President Obama was saying that old regulatory institutions cannot adequately oversee new practices even before the current economic crisis tightened its grip on the U.S. Now, few would question that Obama is set to take control of a system that is in great need of adjustment.

Frances Floriano Goins, chair of the financial services industries group of Ulmer &...
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