SEC Latest to Endorse Proposal Restricting Incentive-Based Compensation

The U.S. Securities and Exchange Commission joins the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Federal Housing Finance Agency in endorsing Dodd-Frank requirements aimed at limiting excessive risk-taking behavior.  The joint-agency proposal would limit incentive-based compensation for top executives at financial firms to discourage inappropriate risks that could lead to financial loss. The National Credit Union Administration released the proposal in April.   Click here to read the proposed rule.

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