A post-Trump SEC could shake up current policy

[OscarQ]

Link:  mobile.reuters.com/article/idUSKBN13B0E2

It boils it down to five major policy changes:

1.  Corporate Auditing Rules Could Get Looser - I've been wondering about this one as my job is impacted by these rules.  I think Wall Street may be of two minds here, and two actions.

First, they have to follow the current rules whatever they may be.  They have to be in compliance.  

Second, Wall Street banks aren't stupid.  They've created a structure to suit Dodd-Frank - or are working on it.  Are they really going to step away from it totally or would they continue to maintain the higher standards internally knowing we're probably going back to a Dodd-Frank enviornment in the next 4-8 years?  At this point it may be more work for us to dismantle it than to just keep chugging along.  Much like the US Government, my company is an ocean liner.  We're simply not that nimble with huge changes.

This is one I'm going to be watching closely.  No communication on this yet from my company. I'll report back once we hear anything.

2.  Penalties could shrink; people could play - this one kind of sucks because it pushes all the responsibility for bad actions to the actors, ignoring corporate or other incentives for such bad actions.

3.  Stock market trading would get second look - beyond me.  I have to talk this through with my H tonight.

4.  Whistleblowers could face more hurdles - another one that sucks.

5.  Capital formation could get a boost - seems like this in line with Obama Admin