Obama Win Means Breathing Room For Harried SEC, CFTC
By Max Stendahl (November 6, 2012, 12:00 AM EST) -- The re-election of President Barack Obama comes at a critical juncture for the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission, giving the beleaguered agencies more time to implement the Dodd-Frank Act and greater leeway to go after high-profile fraud, attorneys say.
Before Tuesday, the agencies had faced the prospect of agonizing changes under a Mitt Romney administration. Had the former Massachusetts governor won, he could have eliminated or weakened key provisions of the sweeping 2010 reform law, appointed new SEC and CFTC heads with a diminished appetite for enforcement, and tried to limit funding for the agencies....
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