NEWS FLASH

Occupy Wall Street Submits 325-Page Letter On Volcker Rule To SEC | Occupy the SEC, a working group affiliated with Occupy Wall Street, has submitted a 325-page comment letter to the Securities and Exchange Commission calling for the strict enforcement of Section 619 of the Dodd-Frank Act, known better as the Volcker Rule. “Like much of the 99%,” reads the letter, “we have bank deposits and retirement accounts that are in need of protection through vigorous enforcement of the Volcker Rule,” which would impose new limits on the amount of proprietary trading that banks and other financial institutions can legally engage in. The comment letter — which was drafted during weekly meetings held since November — contains over 300 footnotes and 20 pages of proposed improvements to the regulation.