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As the Manhattan district attorney’s office steps up the criminal investigation of Donald J. Trump, it has reached outside its ranks to enlist a prominent former federal prosecutor to help scrutinize financial dealings at the former president’s company, according to several people with knowledge of the matter. The former prosecutor, Mark F. Pomerantz, has deep […]
Trump said in a tweet Friday that he wants the Securities and Exchange Commission to examine whether businesses would be better off reporting financial results every six months. The plan rankled some investors who see quarterly reporting as crucial to the transparency of financial markets. Other stakeholders, however, favor the idea since they contend that […]
The president on Friday said he has asked federal regulators to study whether public companies should be required to report results half as often as they currently do — every six months instead of very three months, or once a quarter. via Donald Trump asks SEC to study six-month reporting intervals.
“We are using data analytics to more quickly identify, investigate and prosecute manipulation of the securities markets, and other forms of fraud that threaten the integrity of America’s financial system,” Rosenstein said at a conference on white-collar crime in San Diego. He added the Justice Department is working with the top U.S. markets regulators to […]
White-collar criminal enforcement will continue to evolve in the year ahead, but some predictions can be made based on year one of the Trump administration. Federal law enforcement officials have enunciated a clear focus on non-white-collar crimes and, with numerous vacancies in the Justice Department, this shifting focus is likely to result in a decrease […]
Penalties levied by the Securities and Exchange Commission dropped to a four-year low during the latest fiscal year, showing how a more friendly tone from regulators and the transition of political power can yield relief for Wall Street. Total penalties ordered through SEC enforcement actions fell 15.5% last year to about $3.5 billion, the lowest […]
Given the Trump administration’s twin policy goals of deregulation and fiscal conservatism, public-private partnership with the private securities bar may be the SEC’s best, and perhaps only, weapon to effectively combat the ever-increasing number of complex financial frauds. President Trump can make good on his campaign promise to “police markets for force and fraud” and […]
The financial industry shouldn’t expect “dramatic regulatory or legislative change” under the administration of President Donald Trump and the Republican-controlled Congress, according to White. She and Cutler said they believe that anticipated rollbacks in the regulatory regime will not be as dramatic as expected. “This isn’t going to be a, ‘Let’s just get rid of […]
As for the recent pronouncements of senior staff regarding new enforcement priorities and initiatives like the investigate-to-litigate program, Singer cautioned that the new political leadership could very quickly snuff out those. “I think that the SEC is sort of living in a fantasy world. I don’t think they understand that the tsunami hasn’t hit them […]
Austin-based marketing company T3 has created a robot — dubbed the “Trump and Dump” — that analyzes Trump’s Twitter feed. Every time the president sends a negative tweet about a publicly traded company, the bot automatically short sells that company’s stock, which means the bot essentially places a bet that the company’s stock price will […]