Dodd and Frank reunite, take advisers behind the scenes of landmark legislation

The architects of the most sweeping financial reforms since the Great Depression strode Wednesday into the lion's den: an assembly of financial advisers.

But if former Sen. Christopher J. Dodd, D-Conn., and former Rep. Barney Frank, D-Mass., felt any fear about their gladiators' task they didn't let on as they parried and even joked with a moderator about their namesake 2010 statute at a conference in Las Vegas.

Speaking on a panel titled "What Were They Thinking?," Mr. Dodd and Mr. Frank relentlessly defended controversial provisions of their legislation, including the Volcker rule, which could remold the way financial planners, brokers and consultants do business once it is implemented by securities regulators.

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