Duke University

Insider Q&A: Duke University expert James Cox on SEC future

President Trump has named Jay Clayton, a Wall Street attorney who worked on mergers and IPOs, to head the Securities and Exchange Commission. Last week Trump ordered a review of the 2010 Dodd-Frank law, which reshaped regulation of the banking industry after the financial crisis. He called the law a "disaster."

How are the SEC's focus and activity likely to change in an administration that tilts toward easing regulation? We asked James Cox, a professor at Duke University School of Law who's an expert on securities law and a close SEC-watcher. The Q&A has been edited for clarity and length.

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Q: How do you think the SEC might shift its focus in the Trump...