Daily Archives: March 7, 2017, 10:58 am

Trump’s choice for SEC chair clears ethics hurdle: source | Reuters

President Donald Trump’s pick to chair the Securities and Exchange Commission, Jay Clayton, passed a key hurdle toward his confirmation after a government ethics watchdog gave him a clearance, a person familiar with the matter said on Friday. The U.S. Office of Government Ethics had examined Clayton’s financial disclosure forms for possible conflict of interest. via Trump’s choice for SEC…

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SEC enforcement unit bracing for budget cuts under Trump — InvestmentNews

When Wall Street bond dealmakers congregated in Las Vegas last week for their annual get-together, one group of folks was conspicuously absent: SEC enforcement officials. For years now, they’ve been crashing the marquee event, trying to, somewhat awkwardly, mingle and make industry contacts while sniffing around for their next big case. But those plans were scuttled this year when word…

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SEC Enforcement Arm Braces for Cutbacks – Barron’s

Already, the department has halted non-essential travel and the hiring of outside contractors who help in-house lawyers with cases, sources tell the publication. The enforcement department faces significant spending cuts in President Donald Trump’s proposed budget. “We’re already seeing a quieter enforcement regime,” Emory University law professor Urska Velikonja tells Bloomberg. “The number of enforcement cases is likely to be…

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