International Business (the Aftermath of Research Paper

Over the course of time, assertive laws are evolving which are supposed to deal with any issues quickly. This means that all financial firms will face higher costs and greater amounts of time in complying with these new guidelines. ("Dodd Frank")

Conclusion

Clearly, the Bernard Madoff scandal reshaped investor confidence and the regulatory environment. This is because many of his clients suffered tremendously from the firm's activities. In some cases, individuals were forced to sell their homes. While at other times, many nonprofits were forced into bankruptcy from being overly exposed. This resulted in the trustee utilizing aggressive tactics in recovering assets.

These actions set the stage for regulators, actuaries and fiduciaries to begin taking a more assertive stance when protecting the interests of the public. As a result, much stricter guidelines are being imposed. These areas are impacting the operating procedures of firms and how they are accounting for investor funds. This means that Wall Street will face tougher regulations and oversight well into the future. References "$2.48 Billion." Daily Mail, 2012. Web. 4 Dec. 2012 "Dodd Frank." SEC, 2012. Web. 4 Dec. 2012 "The Securities and Exchange Commission." SEC, 2012. Web. 4 Dec. 2012 Kirtzman, Andrew. Betrayal. New….....