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RJ & Makay

Our view of news, events and human capital trends in the financial services industry.
Tags >> OCC

Volcker Rule shaking up banks and regulators

Posted by RJ and Makay on Oct 24, 2011

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As the the Volcker Rule undergoes revisions by government regulators, wirehouse financial advisors say that their high-net worth clients could shoulder the biggest impact from any new regulations that place investment restrictions on financial institutions.  Proposed restrictions under the rule would prevent banks that take federally insured deposits from conducting proprietary trading operations and investing in hedge funds and private equity funds.