Tag: Trump

Former SEC Officials Say Don’t Bank on Big Regulatory Disruption | New York Law Journal

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 the old, here’s the new,’”…

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Robot makes money off Trump’s tweets and donates it to the ASPCA — CNNMoney

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 go down. And they’ve been…

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Lawmaker Asks SEC to Investigate Stock Trades of HHS Nominee Tom Price – WSJ

A veteran legislator who wrote a law to curtail abusive stock-trading in Congress on Tuesday asked securities regulators to open an investigation into President-elect Donald Trump’s nominee to be secretary of Health and Human Services. The request to investigate Rep. Tom Price, a Georgia Republican, comes after The Wall Street Journal reported last month that he made trades worth more than $300,000 in stocks…

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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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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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