Less than halfway through the process of implementing the 2010 Dodd-Frank Act, the pace of rule-writing by the U.S. Securities and Exchange Commission has slowed by about half.
The agency's five commissioners haven't met once in the last four months to approve or propose regulations required under Dodd-Frank, designed to curb the kind of risky practices that fueled the 2008 financial crisis.
SEC Chairman Mary Schapiro acknowledged the slowdown, describing it as a "natural lull" after an initial gush of proposals.
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