SEC Commissioner Gallagher Announces Updated Regulatory Chart (with Lofchie Comment)

SEC Commissioner Daniel M. Gallagher published an updated chart that depicts all of the rules that are applicable to a U.S. financial services holding company in the wake of Dodd-Frank's enactment. The chart can be found on the SEC website.

The chart was updated to reflect the FINRA rules and amendments that have been implemented since July 2010.

Originally, the chart was published along with a transcription of a March 2, 2015 speech by Commissioner Gallagher. Accordingly, the chart was intended to "help the public fully grasp the breadth of recent rulemaking."

Lofchie Comment: In case you thought the Commissioner’s chart wasn't ugly enough, Dodd-Frank rule makers have ensured it's going to get uglier, since their work is nowhere near complete. Of the new rules that have been added to the chart, how many are actually useful, how many are useless (and thus a waste of regulatory and market resources) and how many are demonstrably harmful?

See: Updated Chart; Commissioner Gallagher's Announcement.Related news: SEC Commissioner Gallagher Issues Statement and Diagram on Aggregate Impact of Financial Services Regulations (with Lofchie Comment) (March 3, 2015).