fbpx
News
November 15, 2016

SEC Chairman Plans to Step Down in January, 2017; Two Years Before End of Term

Securities and Exchange Commission (SEC) Chairman Mary Jo White announced yesterday that she will step down two years before the end of her term, opening the door to “a new Republican-appointed leader who could move to loosen rules on Wall Street and curb the aggressive enforcement approach Ms. White prosecuted,” writes the Wall Street Journal.

For the past six years the SEC has mainly focused on tightening rules required by the 2010 Dodd-Frank Act. With the exit of Ms. White, “everything under Dodd-Frank is now up in the air,” said Scott Kimpel, a partner at Hunton & Williams.

The Wall Street Journal concludes that the change is leadership at the SEC “is just one of the many ways financial regulation is expect to change course sharply – through personnel and policy – during Mr. Trump’s presidency.”

 

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

Cookie Notice

By clicking “I Accept”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Review Settings