Senior market players have come out fighting against the Wall Street Reform Act, which passed the upper house of Congress last night. Tim Ryan, president of the Securities Industry and Financial Markets Association, Sifma, has weighed into the argument, calling the bill unhelpful and ineffectual.
“While we continue to support financial reform legislation that responsibly guards against systemic risk, protects investors and increases regulatory transparency and oversight of all markets, there are several provisions in the current legislation...