There will soon be a new Wall Street sheriff in Washington – after all the gunsmoke clears out on Capitol Hill, that is. Paul Atkins, a long-time securities lawyer, is expected to pass his confirmation hearing next week as Donald Trump’s chair of the Securities and Exchange Commission. Nevertheless, my sources with ties to both parties say he faces a…
A day after President Donald Trump announced that Paul, Weiss, Rifkind, Wharton & Garrison chair Brad Karp had agreed to a deal to rescind an executive order, the law firm was getting pummeled with criticism for capitulating to the president. Some lawyers and others in the legal profession grew concerned that it could start a trend of lawyers “caving” to…
Wall Street’s top regulator is facing a staff exodus across key departments as hundreds have agreed to take resignation offers amid President Donald Trump and Elon Musk’s efforts to remake the U.S. government, five people familiar with the matter told Reuters. Departures from the U.S. Securities and Exchange Commission, including by senior staff and enforcement lawyers, could significantly hamper the…