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What does President Trump mean for the SEC?

Bruce Carton | November 9, 2016

Yesterday, the U.S. voted to make Donald Trump the next President of the United States. What does this mean for the SEC and financial regulation? The short answer is that it is still far too early to know at this time.

We do know a couple of things, however:

1. The Dodd-Frank Act may be in the cross hairs. As discussed in today's WSJ, one consistent message that Trump delivered throughout the campaign about financial regulation was that he wants to get eliminate some or all of Dodd-Frank. Trump told Fox News in October 2015 that "we have to get rid of Dodd-Frank. The banks aren’t loaning to people that need it. The regulators are running the banks.”

This negative view of Dodd-Frank is held by many Republicans, including current and former SEC commissioners. SEC commissioner Michael Piwowar remains a...

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