It is hard to understand how the recent crash in energy prices does not detract from the self-assurance of those who were pushing for position limits based on the view that energy prices were driven by (evil) speculators. Fundamentally, this feels like the imposition of regulation because it can be imposed rather than because it will provide a clear benefit. It is not that we should be fundamentally opposed to increased regulation, but rather that we should be skeptical of it. It is not that…

Quite a bit in Dodd-Frank and in the rules thereunder genuinely needs fixing. No doubt the process will continue for many years to come. Accordingly, it is good to see that "retrospective regulatory review" is high on Chair Massad's agenda. In a reasonable world (if that is not a contradiction in terms), "retrospective statutory review" would be high on the Congressional agenda as well, since it is a review that could be accomplished more easily if every attempt at a correction were not…

Increasing retail participation in the proxy process is not a worthwhile regulatory effort.

For those who are interested in learning more about bitcoins and blockchains, The Age of Cryptocurrency, by Paul Vigna and Michael J. Casey, is a good read.