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Simple English definitions for legal terms
Dodd-Frank: Title IX - Investor Protections and Improvements to the Regulation of Securities
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A quick definition of Dodd-Frank: Title IX - Investor Protections and Improvements to the Regulation of Securities:
Dodd-Frank is a law that helps protect investors and improve the way securities are regulated. It creates groups like the Investor Advisory Committee and the Office of the Investor Advocate to give advice to the Securities & Exchange Commission (SEC) and help investors. The law also requires the SEC to study the financial literacy of investors and the rules for brokers and investment advisors. It makes companies disclose more information about executive compensation and gives shareholders the power to vote on it. The law also improves the way credit rating agencies work and requires securitizers to keep some risk. Finally, it limits the SEC's required disclosures and rewards whistleblowers who report violations.A more thorough explanation:
Definition: Dodd-Frank: Title IX is a law that amends the Securities Exchange Act of 1934 to increase investor protection, improve the regulation of credit rating agencies, asset-backed securitization process, and corporate governance. It also increases regulatory enforcement and remedies for violations.
Example 1: Title IX creates an Investor Advisory Committee (IAC) within the Securities & Exchange Commission (SEC) composed of ten to twenty members that the SEC appoints to serve four-year terms. The IAC advises the SEC on current issues from an investor’s perspective and provides the SEC with regulatory recommendations to promote investor confidence in the integrity of securities markets.
Example 2: Title IX requires credit rating agencies to file additional disclosures analyzing the accuracy of their prior credit ratings. Credit rating agencies must also consider credible information provided from sources other than the securities issuer. This is to ensure that credit rating agencies’ performances are matters of public interest because of the immense reliance placed on credit
Dodd-Frank: Title IV - Regulation of Advisers to Hedge Funds and Others | Dodd-Frank: Title V - Insurance