Well before the Dodd-Frank Wall Street Reform and Consumer Protection Act became law in July, financial industry officials turned their attention and concerns toward the aftermath – the months of regulatory rulemaking that would define how the act’s many provisions would ultimately be enforced. This process added a layer of unpredictability on top of the legislative outcome. But if the first implementation of a Dodd-Frank mandate, by the Commodity Futures Trading Commission, is any indication, then industry lawyers and lobbyists might have reason to anticipate flexibility and restraint on the part of the regulators.