Responding to the election results and looking ahead to the panel discussion, Mr. Kotz commented: "In the upcoming administration, I believe there will be significant pressure on the SEC to be more aggressive in its oversight. With President Obama being re-elected and the Democrats keeping control of the US Senate, the talk about rolling back Dodd-Frank will be limited or non-existent. There will be increased efforts to regulate the financial industry and the SEC will be a big part of that. I think many will view the election results as proof that the American people approve of Dodd-Frank type regulations and want further scrutiny of Wall Street."Mr. Atkins commented: "Dodd-Frank assigned unprecedented powers to the regulatory agencies, so in this President's second term, they will have broad freedom to maneuver. I expect that the Republican House will keep up the pressure for moderation through abundant hearings. But, the Democratic Senate will push for tougher measures on issues like hedge fund advertising, as some senators have already announced. The fight will certainly continue in the courts."
GAIM USA 2013 To Examine Hedge Fund Regulation Under Second Obama Term
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