CCH Logo
Contact Us | CCH Online Store | Site Map    

navigation tabnavigation tab Home 
navigation tabnavigation tab About Us 
navigation tabnavigation tab Order Products 
navigation tabnavigation tab Press Center 
navigation tabnavigation tab Customer Service 
navigation tabnavigation tab Career Opportunities 
navigation tab
   HomePress CenterPress Releases
Press Releases
List By Date
Banking/Finance Institutions
Business Law
Health Care and Entitlements
Human Resources
News Archives

For assistance with
stories, including
interviews with CCH
subject experts,
please contact
Eric Scott


Contact Information

Leslie Bonacum
Neil Allen

CCH Issues White Paper on Draft of Sweeping Financial Securities Reform

(RIVERWOODS, ILL., November 12, 2009) – CCH Principal Securities Law Analyst Jim Hamilton, JD, and CCH Analyst Richard Roth, JD, have authored a new white paper, Senate Banking Committee Releases Draft Legislation: Restoring American Financial Stability Act of 2009. This is the latest version of legislation aimed at fundamental regulatory reform of the U.S. financial and securities markets. CCH is part of Wolters Kluwer Law & Business, a leading provider of research information and software solutions in key specialty areas for legal and business professionals (

The authors examine each aspect of the proposal in depth, from creation of a systemic risk regulator and regulation of OTC derivatives to creation of a single federal bank regulator, a Consumer Financial Protection Agency and new rules on corporate governance and executive compensation.

“If enacted, this legislation would provide a sweeping overhaul of U.S. financial services and markets,” Hamilton said. “It addresses a wide range of securities, corporate governance and banking issues, realigns regulatory agencies and would subject entities such as credit rating agencies and derivatives to a level of scrutiny they have never known before.”

In the whitepaper, the authors examine each aspect of the comprehensive proposal, including: creation of a systemic risk regulator; regulation of OTC derivatives; registration of hedge fund advisors; creation of a Consumer Financial Protection Agency; self-funding for the SEC; oversight of auditors of broker-dealers by the PCAOB; reordering of federal-state regulation of investment advisers; SEC authority to bar mandatory arbitration of disputes between investors and broker-dealers; new rules on corporate governance and executive compensation; increased regulation of credit rating agencies and creation of an Office of Credit Ratings at the SEC; creation of a single federal bank regulator; a new resolution procedure for managing failure of large non-depository financial institutions; creation of a private right of action against secondary actors who aid and abet securities fraud; raising and indexing for inflation the financial threshold for an accredited investor under the Securities Act; and international aspects of financial regulation.

About the Authors

Jim Hamilton is a prolific blogger on current issues in the securities field. Jim Hamilton’s World of Securities Regulation can be found at He has written and spoken extensively on federal securities law and has been cited as an authority by a federal court. His analysis of the Sarbanes-Oxley Act, the Sarbanes-Oxley Manual: A Handbook for the Act and SEC Rules, is considered a definitive explanation of the Act. In addition to his many books and articles, Hamilton serves as a leading contributor to the industry-standard publication, the CCH Federal Securities Law Reporter. This latest white paper from Hamilton is one of a series he has authored.

Richard Roth has been analyzing and writing about federal banking laws and regulations for more than 10 years, after nearly 15 years in the active practice of law. Roth contributes his editorial expertise to the CCH Federal Banking Law Reporter, CCH Bank Compliance Guide and Bank Digest. Roth was co-author of CCH Law and Explanation books on Financial Services Modernization and the Bankruptcy Abuse Prevention and Consumer Protection Act.

For More Information

Members of the press interested in speaking with Jim Hamilton or Richard Roth should contact: Neil Allen at 847-267-2179, or Leslie Bonacum at 847-267-7153,

For a copy of the white paper, visit: Senate Banking Committee Releases Draft Legislation: Restoring American Financial Stability Act of 2009.

CCH Financial Crisis News Center

CCH offers a wealth of special resources related to the financial crisis and reform at the CCH Financial Crisis News Center, The Center provides the legal community and others with a cohesive and robust selection of breaking news stories, analysis and links to the full text of source documents for regulatory actions and serves as a central entry point for CCH banking and securities law resources related to the crisis. To access, visit Visitors may also subscribe to receive the site’s content via RSS feed or e-mail.

About Wolters Kluwer Law and Business

Wolters Kluwer Law & Business is a leading provider of research products and software solutions in key specialty areas for legal and business professionals, as well as casebooks and study aids for law students. Its major product lines include Aspen Publishers, CCH, Kluwer Law International and Loislaw. Wolters Kluwer Law & Business, a unit of Wolters Kluwer, is based in New York City and Riverwoods, Ill. Wolters Kluwer is a leading global information services and publishing company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices

-- ### --



   © 2019, CCH INCORPORATED. All rights reserved.   

  Back to Top | Print this Page