Our Private Equity Group provides trusted counsel derived from deep industry knowledge to established as well as up-and-coming private equity firms. We represent firms of every size across the spectrum of investment strategies, and we build long-standing relationships with our clients. As active participants in the private equity industry, we are able to advise our clients on the latest innovations, as well as current market practices and trends.
The Volcker Rule
July 14, 2010
On June 25, 2010, a House-Senate conference committee approved the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, which includes a modified version of the so-called "Volcker rule." The Volcker rule prohibits any banking entity from engaging in proprietary trading or sponsoring or investing in hedge funds or private equity funds, subject to limited exceptions. The Volcker rule also requires the Federal Reserve to adopt rules imposing additional capital requirements and quantitative limits on systemically important nonbank financial companies that engage in proprietary trading or sponsor or invest in hedge funds or private equity funds.