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"It is premature to conclude whether the Volcker Rule in the Dodd-Frank Act would have prohibited these trades," Mr. Hubbard said, noting that the Volcker Rule was "not in effect yet".
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That provision is not in effect yet, but many companies are going through 404 audits this year to get ready.
The regulation is not in effect yet, and the government is actively seeking comments as to a number of elements, including how the regulations should define a closely-held corporation, and how the administering departments should evaluate the existence and scope of a religious objection (if at all).
The disclosure requirements aren't in effect yet, but some have already put them into practice," says Maguire, who also recognizes the impact of the warnings, which are now given to the mass public and not only to selected Wall Street analysts.
There was no similar drop for people living outside Helena, where the ban was not in effect.
The law was not in effect when the Census Bureau helped the government identify where Japanese-Americans lived.
His opinions so far have borne out his suggestion to the Judiciary Committee, in 2003, that he was not, in effect, a Scalia-style ideologue.
The competitive balance tax, which is what the commissioner's office calls it rather than the luxury tax, was not in effect this year.
But when asked whether he was not in effect making the Republicans' case, he said that on balance, human inspections were best.
But Mr. Landau said the provision was not in effect when he ran up his mileage between May 1981 and his expulsion in November 1984.
That punishment only applied to ATP events, however, so was not in effect at the US Open.
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