Introduced in 2010 under the Obama administration, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank) initiated a variety of additional regulatory requirements for financial firms to improve accountability and transparency.
The new protocol builds on ISDA’s August 2012 and March 2013 Dodd-Frank protocols, which helped firms implement similar Dodd-Frank rules introduced by the Commodity Futures Trading Commission (CFTC) for swap transactions.
Warren’s critique of Robinhood and Citadel Securities is not a unique issue, but is a forebearer of things to come during the pro-regulation Biden administration.
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