Hedge funds that held restricted securities (not freely salable to the public) got killed.
FORBES: The $500 Billion Hedge Fund Fever
Under SEC rules, firm are restricted from engaging in municipal securities business with an issuer for two years after any contribution has been made to the official.
FORBES: Ex-Goldman VP Worked On Campaign In Exchange For Muni Deals, SEC Says
Money-market funds are a specialized kind of mutual fund that is restricted to investing in very short-term securities with little chance of default.
FORBES: Magazine Article
The Act also restricted commercial banks from being affiliated with any company that underwrote or dealt in securities.
FORBES: Why The Glass-Steagall Myth Persists
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