US Appeals Court will not overturn Coscia conviction.
Regulators eye funds operated by foreign banking entities.
MiFID II and a proposed law could change trading dramatically.
President Trump has railed against the regulation, though repeal seems highly unlikely.
A regulatory rollback may return trading to the levels of six years ago.
Dodd-Frank may need more reform than repeal.
Can Dodd-Frank be reworked to address its unintended consequences?
Expect a Dodd-Frank revisit, but not a repeal.
MiFID II could further fragment global liquidity.