Knight Investments LLC comment on new legislative changes by HR Bill 4173 Dodd-Frank Wall Street Reform and Consumer Protection Act

FOR IMMEDIATE RELEASE
Orlando, Florida, United States of America (Free-Press-Release.com) November 7, 2010 --

Dodd-Frank Wall Street Reform and Consumer Protection Act is a comprehensive legislation to overhaul regulations in the financial sector. Dodd-Frank Wall Street Reform and Consumer Protection Act establishes a new Consumer Financial Protection Agency to regulate products like home mortgages, car loans and credit cards. In conjunction the new bill gives the Treasury Department new authority to place non-bank financial firms, like insurance companies into receivership, regulate the over-the-counter derivatives market, and many more companies that portary images of financial services to the general public.

Due to the recent changes in legislation Knight Investments LLC has made sure to cull over the new bill, and ensure its company is structured within regulation.

"At Knight Investments LLC we have taken an evolving identity since July of 2009. This identity is strictly for compliance related activities, and does not focus on any project funding mechanism. It is true that investment grade decisions are made as a result of our compliance; however, it is important that we do not confuse the two services." said a spokesman for Knight Investments LLC.

Infrastructure based projects are what officials at Knight Investments LLC tend to focus their attention on, with a heavy concentration on projects that must work with governments. Officials from KI have stated that they have a very good depth of experience dealing with oversight councils within this area and commented on a recently formed council by the bill (The newly-created Financial Stability Oversight Council).

The newly-created Financial Stability Oversight Council (FSOC) held its first meeting in October at the United States Treasury Department.

The Financial Stability Oversight Council is a major component of H.R. 4173, the Dodd-Frank Act. The FSOC is comprised of the nation's top financial regulators and will monitor systemic risk in the financial services sectors. The new law also states that the FSOC will meet at least on a quarterly basis. Three insurance representatives will sit on the FSOC, including: Director Huff as the NAIC representative; the new director of the Federal Insurance Office (FIO); and an additional insurance expert. Director Huff is the only insurance-related appointment that has been named to date.

"PCI looks forward to working with the FSOC and the NAIC to highlight how the property casualty industry remained strong and stable throughout the financial crisis due to our unique state regulatory structure that enforces strict solvency standards," said Sampson. "Our goal is to support the state-based insurance regulatory system that delivers the strongest consumer protections of any other financial sector."

Knight Investments LLC Official explained that councils like this were being reguarly created for the benefit of the general public and that as a Registered Compliance Hub - it would have very strict provisions to follow as a result of the legislation.

More information can be found online at http://www.knightinvestmentsllc.com

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