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Vacant Positions at Regulators Hold Back Trump's Deregulatory Push

The president has yet to pick commissioners for the SEC and CFTC.

By Ben Bain and Robert Schmidt, Bloomberg | Updated on April 05, 2017

President Donald Trump’s push to roll back Wall Street regulations is being held up by his inability to fill open seats at the two main agencies charged with overseeing the financial industry.

The White House’s inaction has left the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission with just two members apiece, one from each political party. That’s given the lone Democrats at each regulator the unusual power to block policy moves they disagree with.

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