Reducing settlement times would do more to reduce systemic risk for retail investors than most of the measures imposed by Dodd-Frank. Sometimes, the most boring actions are often the most meaningful; the SEC should recognize the significance of this simple request.

As originally proposed, this was one of the most over-reaching set of regulations ever put forward by a "mainstream" regulator. It imposed requirements that would have been impossible to fulfill and demanded certifications that would have been impossible to give. As redrafted, the rules do not contain terms that are entirely impossible to fulfill. They even use the word "reasonable." Nonetheless, it is unclear why these rules are necessary. Banking institutions in New York are…

From a political perspective, Senator Warren's interests seem focused on disclosures that she thinks may be politically beneficial. This is evident in the types of disclosures for which she advocates, particularly the disclosure of political contributions. According to Senator Warren, over one million "investors" wrote to the SEC supporting disclosure in this category. That is a number more likely the result of a political letter writing campaign than of a movement of…

The current flood of new regulations is exacerbated by different regulators attempting to assume authority over SEC-registrants, whether it is the CFPB with respect to arbitration, the DOL with respect to sales practices or the banking regulators with respect to securities financing. Government, and business as well, would operate more efficiently if regulators would stick to cultivating their own separate gardens.