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Hillary Clinton plans sweeping reforms to curb the 'abuses of Wall Street'

Discussion in 'Market News' started by Lily, Oct 8, 2015.

  1. Lily

    Lily Forum Member

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    Democratic candidate will hold individuals - and institutions – to account for their actions, and increase fines along with a possible high-frequency trading tax

    Democratic presidential candidate Hillary Clinton is planning sweeping reforms to curb the “abuses of Wall Street”, proposing everything from raising the fines that can be levied by regulators to requiring executives to bear some of those costs.

    The outline of Clinton’s plan also includes strengthening the “Volcker rule” on risky trading in the 2010 Dodd-Frank Act and imposing a new tax on high-frequency trading.

    Related: Two cheers for the Dodd-Frank Act – but Wall Street culture needs radical change

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