Regulators Penalties Against Wall Street Are Down Sharply in 2017
Wall Street regulators have imposed far lower penalties in the first six months of Donald Trump’s presidency than they did during the first six months of 2016, a comparable period in the Obama administration, according to a Wall Street Journal analysis.
Lawyers who defend financial cases said a shift to a business-friendly stance at regulatory agencies in the Trump administration is one of several reasons for the decrease. Other factors include delays resulting from the change in administrations and the winding down of cases from the financial crisis.
Penalties levied against firms and individuals by the Securities and Exchange Commission, the Commodity Futures Trading Commission and the Financial Industry Regulatory Authority in the first half of 2017 were down nearly two-thirds compared with the first half of 2016—putting regulators on track for the lowest annual level of fines since at least 2010, the Journal found. Fines of $489 million in the first half of 2017 compared with $1.4 billion in the 2016 period.
More..
https://www.wsj.com/articles/regulators-penalties-against-wall-street-are-down-sharply-in-2017-1502028001
=====
This is what I posted some days ago. This administration is already changing many areas even if Whiny Donny is just huffing and puffing and has nothing to show as far as legislation.
https://www.democraticunderground.com/10029381773
That may be true if the benchmark is legislation, but that is an incomplete benchmark. To gauge a president’s impact you have to go beyond the laws he signs to the vast authority he wields through departments and agencies that apply the law. On that score, Mr. Trump is on track to do a lot. On finance, the internet, immigration and drugs, to name just a few issues, Trump appointees have begun nudging the economy and the country in a more conservative, pro-business direction.