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Email On June 17, the Obama Administration released its recommendations for reform of our financial regulatory system, and the Firm sent its clients and friends a memorandum summarizing the proposal (the “Proposal”). This memorandum explains the impact the Proposal would have on the regulation of financial institutions, “Tier 1 FHCs,” investment advisers, insurance companies, money market mutual funds and certain financial markets. https://www.cadwalader.com/resources/clients-friends-memos/the-obama-administrations-financial-regulatory-reform-proposal