Daily Archives: November 14, 2016, 5:30 pm

Head of Trump’s SEC transition may not have to look far for new chairperson — InvestmentNews

Duane Thompson, senior policy adviser for Fi360, a fiduciary consulting firm, said Mr. Atkins may follow in the footsteps of former Vice President Dick Cheney and suggest himself for SEC chairman. If not, there’s always Mr. Gallagher. “My sense is that they both would love to be the pick,” said Mr. Thompson. Patomak “could be a recruiting pool for SEC…

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Steve Cohen’s General Counsel Is Part of Trump Transition Team – Bloomberg Politics

Kevin O’Connor, the general counsel for Steven A. Cohen’s investment firm, is overseeing staff picks for the Justice Department as a member of President-Elect Donald Trump’s transition team, according to a chart obtained by Bloomberg. O’Connor’s employer Point72 Asset Management, is the successor to Cohen’s SAC Capital Advisors, which was the subject of one of the largest insider trading cases…

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Three arrested at top banks in what could be Britain’s biggest-ever insider trading probe | This is Money

Three employees at major banks have been arrested in what could be Britain’s biggest-ever insider trading probe, sources have claimed. The arrests are thought to be linked to the Panama Papers scandal, which saw the identities of thousands of ultra-rich tax avoiders made public in one of the largest leaks in history. A probe is being carried out by the…

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Possible Trump picks for SEC, CFTC seen as favoring deregulation | TheHill

Regardless of who’s nominated, the people who are not being considered may be more important to market participants, Gardner said. “The significance is that Warren’s allies are not getting top spots,” Gardner said. Warren, a Democrat from Massachusetts is known for her staunch advocacy of heightened financial regulation. Many industry participants expected her to play a meaningful role in the selection of financial…

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