“A case in point is the Dodd-Frank Act. Wall Street was officially horrified by this law, which officially sought to end some of the practices that led to the financial collapse and big bailouts of leading U.S. investment firms in 2008-2009. But buried in the bowels of this 2,319-page law was a provision targeted squarely at ‘foreign investment managers.’  Simply put, the new rule forced every foreign bank, brokerage, or financial advisor with 15 more U.S. clients to register with the Securities & Exchange Commission. One Swiss-based investment manager who went through the process told me he spent more than $100,000 in legal fees to do it – not to mention hundreds of hours.”

http://www.nestmann.com/and-the-money-trail-leads-to

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