Dodd Frank Wall Street Reform

Introduction “The Dodd Frank Wall Street Reform and consumer protection act’ or commonly called Dodd –Frank is a compilation of federal regulations, affecting for the most part financial institutions and their customers, that the Obama administration passed in 2010 in an attempt to prevent the recurrence of events that caused the financial crisis of 2008. The purpose of this sweeping regulation is to lower risk in various parts of the U.S. financial system. The Law is named after U.S. Senator Christopher J. Dodd and U.S. Representative Barney Frank because of their roles throughout the process.
Dodd-Frank law has undoubtedly changed the way Hedge fund operates. Seven major elements have to be improved by hedge fund in this new regulation