SEC Joins Other Regulators In OK'ing Volcker Rule Changes

Law360 (September 18, 2019, 10:49 PM EDT) -- The U.S. Securities and Exchange Commission on Wednesday announced it had followed other federal agencies with responsibility for the financial sector in approving a final set of changes to the Volcker Rule's ban on proprietary trading.

SEC Chairman Jay Clayton said the regulator is following in the footsteps of the Federal Deposit Insurance Corp. and the Office of the Comptroller of the Currency, which approved the rule changes last month, and the Commodity Futures Trading Commission, which said on Monday that it had given the revisions the green light.

Clayton said the SEC had worked with its federal counterparts to ensure...

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