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Stories of Interest
- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
- A Stockbroker, Her LLC, and Her Customers' Loans (Or Investment?) - Bill Singer
- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
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NEWSLETTERS & ALERTS
Donald Trump & Co.
Aha! The Real Reason Preet Bharara Was Fired
It’s common knowledge that LOYALTY is a necessary condition for anyone who works for Donald Trump. Nothing that a subordinate says or does should ever be viewed as a threat to the notion that Donald Trump is the BEST, is on TOP, and is in CONTROL.
Lo and behold, the Wall Street Journal last week reported that former U.S. Attorney Preet Bharara was a prodigious tweeter. We know that because his official account at the Justice Department had more than 260,000 followers. His personal account had far fewer.
This prompted NYU ethics professor Stephen Gillers to suggest that Mr. Bharara should “take care to avoid” the impression that he’s using his office for personal gain. That said, Prof. Gillers admits that, “even without Twitter, Bharara has been more of a public presence than has been true of U.S. attorneys generally.”
For the record, Preet Bharara had, at one time, been using @PreetBharara as his official DOJ handle. However, a recent DOJ social media policy required Mr. Bharara to change to a new official handle - @USAttyBharara. He then simply adopted @PreetBharara for his personal handle.
DISPLAY OF DISLOYALTY. Between Mr. Bharara’s super-star status and his penchant for tweeting, we recognize the basis for a natural conflict of interest (or should we say, competition) that is likely to have cultivated a certain animus by the President toward the former U.S. Attorney who once served at his pleasure.
- For one thing, both the Donald and Preet are recognizable by their first names.
- Second, they are prodigious tweeters and, in this administration, that means trouble.
Lest anyone try and convince you that this scenario is false or fraught with nonsensical notions, simply direct them to Mr. Trump’s history of seemingly illogical and unintelligible actions and tweets – it doesn’t take a lot to set him off.