The Death Knell Sounds for Reg AT's Source-Code Provision

With chairman Massad leaving the CFTC and commissioner Giancarlo likely to have a greater say, the source-code provision may be in trouble...if not the rule as a whole.

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On Tuesday, Commodity Futures Trading Commission (CFTC) chairman Timothy Massad announced he would step down from his post later this month. On Wednesday, President-Elect Donald Trump announced that he would appoint attorney Jay Clayton to head the Securities and Exchange Commission (SEC). Even though we're still 15 days away from Inauguration Day, the regulatory pieces are starting to take shape. Reading the tea leaves, it appears that we're about to head into a period of—if not deregu