The new financial reform law may have made it easier for the SEC to keep secrets from the public. The SEC is no longer required to disclose records or information about basic regulatory and oversight activities.
The effects of the Dodd-Frank financial regulation reform bill will clearly be sweeping, even if not all quite predictable. At this early point, here's a rundown of some of the biggest likely winners from the now-passed legislation.
While the overhaul does force banks to spin off some risky businesses and creates a sort-of consumer protection agency, its compromises miss most of the financial crisis' major causes. That means it fails to live up to its primary promise.