The draft of the Financial Choice Act 2.0, released last week by the House Financial Services Committee and aimed at overturning much of the Dodd-Frank Act, contains provisions that could change how the Securities and Exchange Commission polices the markets.
Unlike similar legislation introduced last year by Representative Jeb Hensarling, Republican of Texas and chairman of the committee (which had zero chance of success with President Obama in office), the new draft may find a receptive audience with the Trump administration, and may result in Congress curtailing enforcement of securities laws.
‘Enforcement 40’ for 2020
Join Us On LinkedIn
Join the Securities Litigation and Enforcement Group on LinkedIn