Securities,
Corporate,
Banking
Jul. 28, 2020
Amendments to Volcker Rule open the door to banking investments in venture capital funds
The rule restricts the ability of banking entities to engage in proprietary trading or to have certain interests in, or relationships with, hedge funds and private equity funds.
Michael L. Lawhead
Michael is a partner with the firm's Securities and Corporate Governance Practice Group, based in its Costa Mesa office.
On June 25, the Office of the Comptroller of the Currency of the Department of Treasury, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corp., the Securities and Exchange Commission, and the Commodity Futures Trading Commission adopted amendments to the rules implementing Section 13 of the Bank Holding Company Act of 1956. Section 13 restricts the ability of banking entities to engage in proprietary trading or to have certain inter...
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