For those of you who have been waiting for those big changes to
Dodd-Frank to materialize, don't hold your breath; at least as
far as the SEC is concerned, the vast majority of those rules are
expected to remain in place. In case you missed it, SEC Chair Jay
Clayton, speaking at the annual meeting of the WSJ's
CFO Network, said that "regulators are evaluating how
postcrisis rules have performed in practice, and that he had
concerns about some of the unintended side effects from some
regulations. But any changes will be around the edges, keeping the
core of postcrisis overhauls in place, he added. 'I don't
think Dodd-Frank is changing a great deal, just to put a pin in
it,' he said." And that tinkering may well be focused
primarily on bank-related rules. Of course, there's always the
possibility that Congress may act, but so far it's been all hat
and no cattle. Case in point: the much ballyhooed Financial Choice
Act of 2017, which passed the House, but went nowhere in
