SEC Faces Obstacles To Rolling Back Dodd-Frank Rules

Details

Publish Date:
February 6, 2017
Author(s):
  • Tatyana Shumsky
Source:
The Wall Street Journal
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Summary

Litigation could stymie efforts by the Securities and Exchange Commission to comply with sweeping executive orders intended to roll back financial regulations.

President Donald Trump on Friday took the first step in expunging the 2010 Dodd-Frank financial overhaul act, which he said hinders business and economic growth.

“This is not going to be simple, fast or cheap,” said Joseph Grundfest, a Stanford professor of law and business who served as a Democrat SEC commissioner during the Reagan administration.

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