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- Deutsche Bank Reports Q2 Profit Surge, But Revenue Shortfall
- Deutsche Bank Warns on Outlook as Cryan's Turnaround Slows
- Jeff Bezos Surpasses Bill Gates as World's Richest Person
- Piper Jaffray Posts 2Q Profit
- Raymond James Beats Q3 Earnings on Improved Revenues
- Libor Funeral Set for 2021 - Now to Find a Rreplacement
- Halliburton Paying $29.2 Million to Settle FCPA Violations
- SEC Charges Two Las Vegas-Based Individuals and Their Company in "Prime Bank" Fraud
- Cohn and Yellen are Contenders to Lead the Fed - Trump
- The Boss Wants You Back in the Office
- Bond Trader Barred by FINRA Wins Arbitration for Unpaid Wages - Bill Singer
- How Does this Square with Trump? Putin Puts North Korea Ties Before Missile Threat
- Venture Funds Reach Dot-Com Era Levels (subsc reqd)
- Libor and London Whale Cases Show Hurdles With Foreign Defendants
- Silence Equals Complicity in Workplace Sexism
- Strange Case of Martin Shkreli Is Wrapping Up
- Citi Private Bank Promotes David Bailin to Global Head of Investments
- Billionaire Dan Loeb Bets Big on BlackRock, World's Largest Asset Manager
- Steve Cohen Planning to Launch $20Bn Hedge Fund
- ‘A Bleak Picture’ for Women Trying to Rise at Law Firms
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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.