BROWSE BY TOPIC
Stories of Interest
- Louisiana Adviser Barred for Hiding Losses from Investors
- Connecticut HF Manager Illegally Diverted Investor Money - Now Owes Nearly $13Mn
- White House Cleaning House of Advisors Without Full Security Clearance
- Goldman Projects 30% Growth in Wealth Management Advisor Force
- Whistleblower Alleges Manipulation of CBOE Volatility Index
- FINRA Looking Into VIX (CBOE Volatility Index) Manipulation: WSJ
- Atlanta-Area Resident Charged with Misusing Investor Funds - SEC
- FINRA Announces 2018 West Region Networking Seminar
- Alberto Arevalo, Associate Director in Office of International Affairs, to Retire From SEC
- A Culprit for Financial Site Glitches: You and Your Apps
- Investor Protection, Capital Formation and Market Integrity Are Top Priorities in SEC Budget Request
- We Must Stop Out-Of-Control Trading or U.S. Capitalist System Will Break Down - Dick Bove
- SEC Launches Share Class Selection Disclosure Initiative to Encourage Self-Reporting and the Prompt Return of Funds to Investors
- BofA CEO Moynihan Got $23Mn Compensation for 2017 – a 15% Pay Raise
- Former Credit Suisse ‘Star’ Gets 5-Year Jail Term For "Clever Fraud"
- FINRA: Perspectives on Customer Arb Award Recovery
- FINRA: Amend Membership App Program to Incentivize Arbitration Award Payments
- Goldman's #2 Allegedly Swindled Out of $1.2Mn of Wine by Assistant
- FINRA Publishes Annual Budget Summary - No Fee Rate Increases for Member Firms
- CFTC Chairman Giancarlo Names Maggie Sklar Senior Counsel
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
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.