Chair White's speech appears to be, at least in part, a message to Senator Elizabeth Warren, who has  for her focus on things like  instead of certain social disclosures concerning matters such as . During her term, Chair White did not appear to be intimidated by Senator Warren . It is encouraging that Chair White's departing words laid the groundwork for the incoming SEC Chair to focus on matters of economic disclosure that should continue to be among the…

During his term as Commissioner, Mr. Giancarlo pulled off a trifecta. He: (i) prevented the CFTC's rules from getting any worse (i.e., neither the position limits rule nor Regulation AT was adopted in part because of Mr. Giancarlo's work in calling attention to their deficiencies); (ii) kept the focus on issues affecting the market currently and likely to affect the market in the future; and (iii) remained civil yet steadfast with those with whom he had deep policy disagreements.…

In his remarks, Chair Massad stated:

"When I and my fellow Commissioners, Sharon Bowen and Chris Giancarlo, joined the CFTC together in June of 2014, it already had written most of the rules required by the Dodd-Frank Act. However, there were many criticisms and concerns. We inherited the task of finishing and improving this framework." [Emphasis supplied.]

In many ways, Chair Massad's freedom to re-examine and re-think the regulations adopted under former Chair Gensler…

Although President Obama did not make material use of his executive authority in the area of financial services, there are many ways that President-elect Trump may choose to do so. Control of the Consumer Financial Protection Bureau ("CFPB"), which is held directly by a sitting president, offers a good illustration of the means through which President-elect Trump could effect change with the use of executive authority.

The CFPB on the use of evidence of "disparate impact" to prove…