Executive order to dramatically cut regulations inapplicable to SEC

by Cydney Posner

As reported by Reuters today, the White House clarified and confirmed, after the signing of the executive order yesterday designed to cut back on federal regulations — and notwithstanding the President’s commentary immediately preceding the signing critical of Dodd-Frank and related rules — that the  executive order does not apply to the SEC or other independent regulators. According to Reuters, the order  would also be inapplicable to rules mandated by statutes. (See this PubCo post.)

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