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Outgoing SEC Commissioner Gallagher Takes One Last Shot at Dodd-Frank

Bruce Carton | August 5, 2015

Yesterday, SEC Commissioner Dan Gallagher gave what he said was likely to be his last formal speech as an SEC commissioner. Although Gallagher's five-year term as commissioner does not officially end until June 2016, he notified the White House in May 2015 that he intends to depart the SEC as soon as his successor is confirmed by the Senate.

In his speech, which was delivered before an audience at the U.S. Chamber of Commerce’s Center for Capital Markets Competitiveness, Gallagher took aim at a favorite target of his through the years: the Dodd-Frank Act. Gallagher noted that Dodd-Frank marked its fifth anniversary last month,

meaning that my entire tenure as a Commissioner has occurred in the midst of the first Five-Year Plan for our national...

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