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Trump Picks Atkins, Ex-SEC Commissioner, to Succeed Gensler (3)


Published on 2024-12-04 21:02:02 - Bill Williamson
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  • Paul Atkins, a veteran financial regulator and a fixture in Washington's conservative financial circles, is President-elect Donald Trump's choice to lead and possibly overhaul the US Securities and Exchange Commission.

The article from Bloomberg Law discusses former President Donald Trump's nomination of Paul Atkins to be the chair of the Securities and Exchange Commission (SEC). Paul Atkins, previously an SEC commissioner from 2002 to 2008, was known for his advocacy for deregulation and his criticism of what he perceived as excessive regulatory burdens on businesses. His nomination was part of Trump's broader push to reduce regulations, particularly those affecting Wall Street. Atkins' appointment was seen as a move to shift the SEC's focus towards less stringent oversight, aligning with Trump's economic policies aimed at fostering business growth by cutting back on what was often described as "red tape." However, his nomination faced scrutiny and opposition from Democrats and some investor advocates who were concerned about his past stances on regulatory rollbacks, which they believed could undermine investor protections.

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[ https://news.bloomberglaw.com/us-law-week/trump-names-paul-atkins-as-sec-chair ]