Volcker Rule In Flux

Law360, New York (January 6, 2012, 3:00 PM EST) -- The Volcker Rule regulates the ability of a banking entity or a nonbank financial company supervised by the Board of Governors of the Federal Reserve System to "engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund."[1]

Boiled down, the rule, at least as currently proposed, would prohibit banking entities[2] from proprietary trading and from owning an interest, other than a de minimis interest, in certain hedge funds and/or private equity funds that they sponsor and from...
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