With the election of president elect Trump, changes to the administration were bound, and expected, to take place – and the dominoes are beginning to fall. Today, U.S. Securities and Exchange Commission Chair Mary Jo White announced that she plans to step down at the end of the Obama administration. The move opens door to conservative shift and creates uncertainty as the agency would have 2 of 5 commissioner seats filled after her departure. A new republican chairman could pull back on the many new SEC rules that Ms. White helped engineer during her tenure. Foley Shechter LLP will continue to closely monitor these trends in the coming weeks and months.