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ARTICLE · 22 NOVEMBER 2016

SEC Chair Mary Jo White To Step Down, Leaving Dodd-Frank Reforms In Question

Herbert Smith Freehills Kramer LLP
Herbert Smith Freehills Kramer LLP
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SEC chair Mary Jo White plans to leave her post in January, paving the way for a Republican appointment who may reduce or undo the Dodd-Frank Wall Street reforms established following the financial crisis.

United StatesFinance and Banking
George Silfen
George Silfen
Ronald Feiman
Ronald Feiman
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SEC chair Mary Jo White plans to leave her post in January, paving the way for a Republican appointment who may reduce or undo the Dodd-Frank Wall Street reforms established following the financial crisis. An appointment by President-elect Donald Trump could also reverse several other rules White created, including curbs on mutual funds' use of derivatives, and stricter controls on algorithmic traders and off-exchange venues known as dark pools. White's departure would leave just two of five commissioner seats filled, potentially resulting in gridlock as either commissioner would effectively have a veto.

Related News:
Trump administration expected to ease SEC away from post-crisis rules - Wall Street Journal

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