Jun 13, 2016
Source: Harvard Law School Forum on Corporate Governance and Financial Regulation
The financial crisis brought substantial change to the financial services industry, thanks largely to Congress’s post-crisis passage of the Dodd-Frank Act. Subjecting swaps and hedge fund managers to regulatory oversight and reforming the rules applicable to credit rating agencies are but a small sample those changes. Dodd-Frank did not, however, bring about any significant change the regulation of mutual funds—“pooled” investment entities that are regulated under the Investment Company Act of 1940 (“ICA”).