On June 22, 2011, the Securities and Exchange Commission held an open meeting to consider approving three final rule proposals relating to the implementation of various portions of the Dodd-Frank Wall Street Reform and Consumer Protection Act. Specifically, the Commission approved the Dodd-Frank Implementation Release, the Dodd-Frank Exemptions Release and the Family Office Release. The first was approved by a 3-to-2 vote and the other two were approved unanimously.
Source: Investment Management Alert
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