BROWSE BY TOPIC
Stories of Interest
- Inside Scaramucci’s Extreme Loyalty to Trump – William Cohan
- Who President Trump Can Pardon, and Who He Can’t
- Ex-UBS Compliance Officer, Day Trader Deny Insider Trading
- Private Equity’s Big Bets on Financial Tech
- Trump Reportedly Floats Making Rudy Giuliani Attorney General
- Mastercard Wins Dismissal of $18 Billion Class Action Suit
- Jailed Schroders Trader Also to Pay $456K for His 'Criminal Lifestyle'
- Raymond Lucia, Ex-Radio Host Asks U.S. Top Court to Rule On Administrative Law Judges
- As Trump Administration Circles the Drain, Anthony Scaramucci Finally Lands West Wing Job
- Internal Power Struggle Rattles Guggenheim Partners
- Why Most People Will Never Be Successful
- Top Deutsche Bank Trader Leaves After Risky Bets Led to $60Mn Loss
- Bank of America Picks Dublin as EU Hub Post Brexit
- E*Trade Rises 4% as Q2 Earnings Beat Estimates
- I Scream, You Scream, FINRA Screams For Ice Cream ... or ... FINRA Deep-Freezes Broker
- Senate Panel OK's David Kautter, Trump Pick for Top Treasury Tax Job
- OJ Simpson Granted Parole After 9 Years in Prison
- PayPal to Partner with JPMorgan
- BNY Mellon Beats on Q2 Earnings as Revenues Improve
- I Scream, You Scream, FINRA Screams for Ice Cream ... or ... FINRA Deep-Freezes a Broker
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NEWSLETTERS & ALERTS
Trump Lifting Federal Hiring Freeze - Will SEC and CFTC Ever Hire Again?
Donald Trump signed a Presidential Memorandum that lifts the federal hiring freeze while calling upon agencies, like the SEC and CFTC, to rethink how they operate and hire personnel. The Order, which goes into effect on Thursday, 4/13, seeks to establish hiring targets that align with the Trump administration’s proposed budget introduced last month. That budget, which has not been ratified, already faces opposition in Congress, and many programs that are targeted could only be eliminated through legislation.
That said, the SEC and the CFTC are short-handed and severely constrained. For all intents and purposes, neither agency has done any hiring since November. [Click here for the last 2 SEC jobs posted – Financialish, 11/23]
Meanwhile, neighboring regulator FINRA has been hiring away – and those job opening have been on full display on Financialish.com. [Click here for the latest postings – Financialish, 4/12] Listed jobs include directors, examiners, analysts, attorneys, project managers, and programmers. All this would indicate that securities regulators are still in great need of qualified personnel.
However, this may be one time where the axiom – “Where there’s a will, there’s a way” – will not happen. And, frankly, how can the SEC and the CFTC be expected to proceed with identifying their personnel needs each agency lacks a permanent Chair? Well, at least the CFTC is headed by Acting Chair Christopher Giancarlo - though he has often stated the need for a full panel of commissioners before the CFTC can move ahead with a viable agenda.