1 In practice, exclusive jurisdiction was impossible to enforce, as off-exchange derivatives contracts (such as swaps) proliferated. Dodd-Frank Act greatly expanded the OCC's jurisdiction by eliminating exemptions for certain over-the-counter derivatives

True or False?

2 Title IV of the Dodd-Frank Act requires certain previously exempt investment advisers to register as investment advisers i.e. requires many hedge fund managers and private equity fund managers to register as advisers for the first time.

True or False?