Dodd-Frank Act At 5: SEC Slammed For Slow Rule-Making
Law360, New York (July 17, 2015, 6:26 PM EDT) -- Financial reform advocates have criticized the U.S. Securities and Exchange Commission for taking too long on rulemaking, but it is unclear whether the delays on some regulations required by the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act were intentional or the product of too much pressure on the commission.
Dodd-Frank, which will turn 5 on Tuesday, required financial regulators to pump out around 390 new regulations, according to data from law firm Davis Polk & Wardwell LLP. And while other agencies still have significant rules outstanding, the SEC has come under more direct fire from Wall Street's opponents both...
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