The outcome of the presidential election, and Mary Jo White’s announcement of her intent to step down as chair of the Securities and Exchange Commission, are sure to kick off an avalanche of prognostication about her successor, the direction of the SEC, and the fate of some of the laws that govern the securities industry, most principally the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Beyond designating a Chair, however, President-elect Trump will be in a position to overhaul the makeup of the SEC by appointing three of the five SEC Commissioners – with a fourth Commissioner appointment as early as June of 2017. This is particularly important in an agency that relies on Commissioner votes for each decision, order, rule or similar action.

Read the full post on The Capital Commitment Blog.