Alert October 12, 2010

President Signs Bill Removing Dodd-Frank Act Provisions Designed to Protect the Confidentiality of Information Obtained by the SEC

President Obama signed into law S. 3717 which removed provisions added to the Securities Exchange Act of 1934, the Investment Company Act of 1940 and the Investment Advisers Act of 1940 by Section 929I of the Dodd-Frank Consumer Financial Protection and Wall Street Reform Act that would have limited the SEC’s ability to disclose records or information provided to, or obtained by it, under those statutes.