Daily Archives: December 13, 2016, 5:24 pm

SEC to have skeleton crew in first half of 2017 — InvestmentNews

Chairwoman Mary Jo White said last month she will step down as President-elect Donald Trump enters the Oval Office. Following her announcement, four division directors said they will soon depart as well. The exodus will leave Republican Commissioner Michael Piwowar, Democratic Commissioner Kara Stein and several acting division heads guiding the SEC in the new year — perhaps for as…

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An Insider-Trading Ruling That Delights Prosecutors—and One Manhattan Judge – The New Yorker

Last week, prosecutors rejoiced when the U.S. Supreme Court decided an insider-trading case called Salman v. United States, and in doing so clarified that leaking confidential information so that friends and relatives can make money in the stock market is a crime, even when the leaker doesn’t get an economic benefit. Perhaps the person most pleased with the decision, however,…

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New Job Posting Indicates DOJ, U.K. Authorities to Further Collaborate on Fighting Cross-Border Fraud | Bloomberg BNA

The DOJ Dec. 9 announced a new attorney position in its Fraud Section in which the attorney will work two years in London. The attorney will spend the first year with the U.K. Financial Conduct Authority, and the second year with the U.K. Serious Fraud Office. After that, the attorney will return to Washington, D.C., to probe and prosecute cross-border…

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Traders scheme to cash in on Trump tweets – POLITICO

With his millions of Twitter followers and upcoming inauguration to the most powerful job in the world, Trump presents challenges and opportunities that Wall Street has never seen before. Traders not only have to monitor the president-elect’s every word, they also have to follow his Twitter feed. Some are already crafting strategies to cash in on the president-elect’s penchant for…

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