Troubled financial institutions, some with substantial broker-dealer operations, played a prominent role in the 2008 financial crisis. In an effort to protect the financial system from serious threats posed by significant nonbank financial companies in financial distress, Congress enacted Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) to provide for an orderly liquidation of such entities under the supervision of federal authorities. Federal regulators have proposed rules that would implement the provisions of Title II in regard to the resolution of a large broker-dealer. Most notably, the proposed rules address how a \u201cbridge broker or dealer\u201d could be used in connection with the liquidation of a \u201ccovered broker or dealer.\u201d<\/p>\n
Read more here: SEC and FDIC Propose Dodd-Frank Broker-Dealer Resolution Rules<\/a><\/p>\n","protected":false},"excerpt":{"rendered":" Troubled financial institutions, some with substantial broker-dealer operations, played a prominent role in the 2008 financial crisis. In an effort to protect the financial system from serious threats posed by significant nonbank financial companies in financial distress, Congress enacted Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) to provide … Continue reading SEC\/FDIC Propose Dodd-Frank BD Resolution Rules<\/span>