Benjamin Bain

Trump, Real Estate Investors Get Late-Added Perk in Tax Bill

Lawmakers scrambling to lock up Republican support for the tax reform bill added a complicated provision late in the process -- one that would provide a multimillion-dollar windfall to real estate investors such as President Donald Trump.

CFTC Employees Can Now Work From Home Twice a Week

The main U.S. derivatives regulator has reached a new pay deal with its employees as it moves to boost relations with workers whose unhappiness with the cash-strapped agency led them to join a labor union three years ago.

Trump Urges Saudi Aramco to List on New York Stock Exchange

President Donald Trump personally lobbied Saudi King Salman to list the Saudi Arabian Oil Co. on the New York Stock Exchange during a phone call between the world leaders on Saturday, according to a readout provided by the White House.

SEC Says It Told U.S. Security Officials of Hack Months Ago

The U.S. Securities and Exchange Commission told government cybersecurity officials about a hack into its database of corporate filings soon after it happened last year, months before the agency’s new chairman made the breach public.

SEC Hack Threatens a Bedrock of U.S. Capitalism: Transparency

The U.S. Securities and Exchange Commission hails its database of company filings as an innovation that’s dramatically boosted corporate transparency. But a hack that led to the theft of market-moving secrets is the latest sign that technology also brings dangers the SEC is struggling to combat.

Trump Picks Law Professor Robert Jackson for SEC Commissioner

Law professor Robert Jackson is the Trump administration’s pick to fill the open Democratic seat at the Securities and Exchange Commission, raising the chances that Wall Street’s main regulator will have a full complement of commissioners for the first time since 2015.

SEC Hires Congress Liaison, Sources Say

Securities and Exchange Commission Chairman Jay Clayton has hired a point person to manage the agency’s relationship with Congress, a key a position at a time when Republican lawmakers and the Trump administration are eager to overhaul financial rules.

Trump Said Likely to Name Hester Peirce as SEC Commissioner

Hester Peirce, a former U.S. Securities and Exchange Commission counsel and Senate aide, is the Trump administration’s likely choice to fill the open Republican seat at the Wall Street regulator, according to people familiar with the matter.

Here Are Ways Regulators Can Revise Dodd-Frank Without Congress

Treasury Secretary Steven Mnuchin said Tuesday that if he was king for a day, he would repeal the Dodd-Frank Act. But he’s not, and securing enough votes in the Senate to give Wall Street relief from the 2010 law’s sweeping constraints is difficult.

Giancarlo Said to Be Trump’s Leading Choice for CFTC Chair

J. Christopher Giancarlo, a member of the Commodity Futures Trading Commission with close ties to the derivatives industry, is President-elect Donald Trump’s top choice to head the U.S.’s main swaps regulator, a person familiar with the matter said.

After Ripping Wall Street, Trump Picks Insider to Lead SEC

Donald Trump assailed Wall Street on the campaign trail, and frequently criticized his political opponents for their ties to Goldman Sachs Group Inc. Now, Trump is relying on a lawyer who has spent his career representing financial firms, and has his own close ties to Goldman, to lead Wall Street’s top regulator.

Trump Said to Weigh Aide Conway’s Husband for Top Legal Job

President-elect Donald Trump is considering George Conway, a long-time corporate lawyer and the husband of senior adviser Kellyanne Conway, to be U.S. solicitor general, the government’s top appellate lawyer, according to two people familiar with the matter.

Ex-U.S. Attorney Yang Is Trump’s Top Contender for SEC

President-elect Donald Trump is considering nominating ex-U.S. attorney Debra Wong Yang to run the Securities and Exchange Commission, positioning her to be the second consecutive former federal prosecutor to lead Wall Street’s top regulator, said a person with direct knowledge of the matter.

Trump Walks Business-Politics Tightrope on Cuba After Castro

The death of Cuba’s Fidel Castro offers an early glimpse at how U.S. President-elect Donald Trump will need to balance his pro-growth economic plans and allegiance to business with the hard-line campaign pledges that helped him win the election.

Next President Should Make Fed More Transparent, Chamber Says

The Federal Reserve "should have to abide by the same basic principles as other regulators -- transparency, accountability, and due process in writing rules," according to a capital markets reform plan released Monday by the U.S. Chamber of Commerce.

Trump’s Call for Rules Freeze Gets Cold Shoulder From Bank Lobby

Donald Trump’s call for a moratorium on new regulations is getting a chilly reception in Washington’s financial-services lobbying community, where battle-weary trade groups are warning that the Republican presidential nominee’s plans could bring risks along with any rewards.