White Paper on Finacial Regulatory Reform Available

On May 18th, Congress passed and cleared for the President’s signature its first piece of legislation reforming the oversight of the financial industry following the recent economic upheavals. The Fraud Enforcement and Recovery Act (FERA), S.386, strengthens enforcement of securities and commodities fraud, financial institution fraud involving asset-backed securities, and fraud related to federal assistance and relief programs.

Jim Hamilton has written a white paper that outlines and analyzes this legislation. The paper is available here.