Republican Regulator Who Blasted Dodd-Frank Rules to Step Down

Wall Street Journal, May 7, 2018–Dave Michaels (subscription)
Michael Piwowar said he intends to step down from the SEC on July 7, after serving nearly five years on the five-person commission. Mr. Piwowar’s departure would leave the agency with four commissioners, meaning some votes could be deadlocked if the SEC’s two Democrats oppose measures favored by Chairman Jay Clayton.