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Stories of Interest
- Stephen Hicks Barred for Defrauding His CT Hedge Funds - SEC
- Barclays CEO Staley Sees Pay Decline - Frankly, He's Lucky to Still be Employed
- Barclays Female Investment Bankers Earn 21% Less in Bonuses than Male Counterparts
- FINRA Eliminates $400 Fee for Explained Arbitration Decision
- SEC Adopts Statement and Interpretive Guidance on Public Company Cybersecurity Disclosures
- SEC Charges Former Bitcoin Exchange and Its Founder With Fraud
- JPMorgan Chase to Replace NYC Headquarters with 70-Story Skyscraper
- Citigroup Raises CEO Corbat's Pay 48% to $23Mn
- Should Congress Create a Crypto-Cop?
- JPMorgan Weighs Buying an Exchange-Traded Funds Firm
- Hey, Goldman Sachs: Wanna Buy BNY Mellon?
- SEC Order Rejecting Acquisition of Chicago Stock Exchange (CSX) by Chinese-Baesd Company
- Kyle Moffatt Named Chief Accountant in SEC CorpFinance
- SEC Suspends Trading in 3 Issuers Claiming Involvement in Cryptocurrency and Blockchain Technology
- Karen Garnett, Assoc. Director of SEC CorpFinance, to Leave After 23 Years of Service
- 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
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NEWSLETTERS & ALERTS
Senator Warren Aide Running for Seat on the SEC
[Photo: Eliz. Warren, by Ron Sachs / Zuma]
It’s common knowledge that Donald Trump has been in no particular hurry to fill the vacancies at the SEC and the CFTC. Yes, he just successfully filled the SEC Chair position with Jay Clayton, who was confirmed last week. However, J. Christopher Giancarlo, who currently serves as CFTC Acting Chairman, is watching his nomination as permanent CFTC Chair slowly wend its way through the Senate chamber.
Heaven knows what this glacial pace might mean for filling the empty commissioner seats at both agencies – 2 at the SEC and 3 at the CFTC.
In any case, we now have word that Bharat Ramamurti, a legislative aide to Democratic Senator Elizabeth Warren, is running to fill one of the vacancies on the SEC. Ramamurti is Warren’s senior counsel on banking and economic policy, and assisted during the Senate investigation of Wells Fargo and its sales account scandal.
As her counsel on the banking committee, Ramamurti has apparently played a prominent role in shaping Warren's policy agenda. Besides working on the Wells investigation, Ramamurti has worked on bipartisan efforts to broker a deal on housing reforms for mortgage lenders Fannie Mae and Freddie Mac. Mr. Ramamurti is a graduate of Harvard and Yale Law.
According to Reuters, at least 3 other names were mentioned as possible candidates for a seat on the SEC: Vermont Law School professor Jennifer Taub, AFL-CIO's office of investment director Heather Slavkin Corzo and Andy Green, a managing director at the Center for American Progress who previously worked for SEC Democratic Commissioner Kara Stein.