All posts tagged: Products and Services

SEC’s ex-enforcement chief clashed with bosses before leaving, Reuters sources say

SEC’s ex-enforcement chief clashed with bosses before leaving, Reuters sources say

Margaret Ryan, Director of the SEC’s Division of Enforcement. Source: Harvard Law School The U.S. Securities and Exchange Commission’s top enforcement official, who left abruptly last week, had clashed with agency leaders over the direction of its enforcement program, including the handling of cases with ties to President Donald Trump and his family, according to three people familiar with the matter. SEC Enforcement Division Director Margaret Ryan resigned last Monday after just over six months on the job, Reuters was the first to report. Her resignation email, seen by Reuters, did not say why she was leaving. Ryan declined to comment when reached by phone and text. Two of the people said Ryan wanted to be more aggressive in pursuing charges for fraud and other misconduct including in cases that touched the president’s circle, but faced resistance from SEC chair Paul Atkins and other top Republican political appointees. A spokesperson for the SEC said that, under Atkins, the agency made enforcement decisions based on facts, the law, and policy, not on politics: “In every case, …

Fed chair pick Kevin Warsh meets with more senators

Fed chair pick Kevin Warsh meets with more senators

Federal Reserve chairman nominee Kevin Warsh’s chances of getting quickly confirmed by the Senate looked as gloomy as the weather in Washington on Thursday as he met with more senators in a bid to bolster his chances. “It doesn’t look like such a nice day today,” Warsh quipped to a CNBC reporter in the Hart Senate Office Building, as heavy rain poured outside, on his way to a chat with Sen. Mike Rounds, R-S.D. “Things are progressing well, good to see you,” Warsh said when asked how the meetings were going. Rounds, after the meeting, posted on X that Warsh “will help keep the central bank accountable and focused on its statutory mission.” Warsh’s nomination by President Donald Trump is bogged down because of an effective blockade imposed by Sen. Thom Tillis, a North Carolina Republican who sits on the Banking Committee. That panel is the first hurdle for would-be Fed board members such as Warsh. Read more CNBC politics coverage Tillis has vowed to vote against passing along Warsh’s nomination or any other Fed …

EPA to revoke finding underpinning all climate regulations

EPA to revoke finding underpinning all climate regulations

The sun sets behind burning gas flares at the Dora (Daura) Oil Refinery Complex in Baghdad on December 22, 2024. Ahmad Al-rubaye | Afp | Getty Images The Environmental Protection Agency moved to finalize the revocation of a critical scientific finding that undergirds the U.S. government’s climate regulations and ability to regulate greenhouse gases, the agency told CNBC. The EPA took a key step to ax the 2009 “endangerment finding” over the weekend by submitting the proposed rule to the Office of Management and Budget, the EPA press office told CNBC. The agency initially proposed rescinding it in July last year. “This week at the White House, President Trump will be taking the most significant deregulatory actions in history to further unleash American energy dominance and drive down costs,” White House spokeswoman Karoline Leavitt said in an email to CNBC. The revocation of the endangerment finding would represent the Trump administration’s biggest broadside yet against efforts to combat climate change and would be a boon for the fossil fuel industry that has fought against climate …

Trump sues Jamie Dimon, JPMorgan Chase over alleged ‘political’ debanking

Trump sues Jamie Dimon, JPMorgan Chase over alleged ‘political’ debanking

President Donald Trump sued JPMorgan Chase and its CEO, Jamie Dimon, on Thursday for closing accounts belonging to Trump and related entities in early 2021, in what the lawsuit calls political actions. The closures came on the heels of the Jan. 6, 2021, riot by Trump supporters at the U.S. Capitol, and Trump exiting the White House later that same month after his electoral loss to former President Joe Biden was confirmed. “He debanked me,” Trump told reporters in Switzerland, when asked about Dimon on Wednesday, hours after his lawsuit was filed in Florida state court in Miami-Dade County. “He shouldn’t be debanking,” Trump said. “It’s so wrong.” “Jamie Dimon is not allowed to do what he did.” JPMorgan on Thursday denied that it closed Trump’s accounts for political reasons and suggested that the closures were due to federal rules and regulations that the bank has been seeking to change during this and prior presidential administrations. Trump and the other plaintiffs in the case, which are business entities related to the president, are seeking at …