Former three-term Republican U.S. Senator Judd Gregg, the Securities Industry and Financial Markets Association’s new chief executive officer, said Monday that he wants to improve the image of the industry and make sure Dodd-Frank rules are focused and not overly burdensome.

Gregg and Ken Bentsen, who has become SIFMA president, said that tax reform is “very much in the embryonic stages” and that they do not think it will be pushed forward on the agenda because of the current controversy over the Internal Revenue Service targeting right wing groups for queries about tax-exempt status.

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