The Securities and Exchange Commission may undertake some major policy transformation as changes in top personnel could shift the balance of power, Reuters reports.

SEC Commissioner Harvey Goldschmid, a Democrat, plans to resign this summer and return to teaching at Columbia University. While this may be great news for Columbia, it is likely to put at risk the entire course of policy regulation reforms affecting mutual funds, hedge funds and stock trading forged by Goldschmid and Republican SEC Chairman William Donaldson.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.