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Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
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NEWSLETTERS & ALERTS
Preet Bharara Will Not Resign as U.S. Attorney - Report
Then again, if Bharara were to resign, President Trump and Attorney General Sessions could refuse to accept it - and refuse to accept the resignations submitted by other selected U.S. Attorneys.
Because it is not unusual for a new President to request the resignations of all U.S. Attorneys who were appointed by previous administrations (especially where a new party has taken office), who is in a position to say that it is inappropriate for Trump to ask that ALL attorneys resign - even those whom the President wishes to retain? To criticize the Trump administration - which CNN and other media outlets are doing - is short-sighted at best, or biased at worst.
That said, U.S. Attorney Preet Bharara, who is the prosecutor for the Southern District of New York, will apparently refuse to submit his resignation. That could set up a showdown on Monday with the Justice Department. White House and DOJ officials have not yet commented on how, if at all, they will handle Mr. Bharara and any other federal prosecutor who refuses to resign.
The Southern District covers Manhattan, the Bronx, Westchester and other counties north of New York City. The Eastern District of New York covers Brooklyn, Queens, Staten Island and Long Island.