There are a variety of questions the financial industry may have regarding what states can and cannot do in terms of supervising the financial marketplace, a task which, historically, has fallen mainly to federal regulators.
Buckley Sandler Partner Jonice Gray Tucker broke down what state attorneys general may be able to do to ramp up their enforcement activity in the financial space while speaking with Dodd Frank Update.
Find out what authority states have to invoke federal statutes and combine efforts with other states to go after regional and national financial companies, as well as how preemption and visitorial powers factor into such cases.