Over several decades the prevailing position of the US establishment towards Wall Street was one of steady deregulation and “hands-off cheering”. The Dodd-Frank Bill, which became the Dodd-Frank Wall Street Reform and Consumer Protection Act on July 21 2010, changed all that. It marked a clear turning point by placing vigorous reliance on government to protect the “little guy”, as Paul Krugman would put it, against the unavoidable onslaught of complex technology-driven markets.

<p><table width='100%' border=0 cellspacing=0><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 18px; FONT-WEIGHT: bold; COLOR: #0253B7;'><B>Pratip Kar:</B> Lessons from SEC's makeover report</td></tr><tr><tr><td style='FONT-FAMILY: Arial; FONT-SIZE: 11px; '>BCG

Pratip Kar: Lessons from SEC's makeover report

BCGs recommendations are relevant for Indias regulators as well

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