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Paul Atkins, President-elect Donald Trump's nominee for the SEC, faces ethical scrutiny over $3 million in consulting fees from clients he may soon regulate. His firm, Patomak Global Partners, has received significant payments from banks, fintech firms, and cryptocurrency exchanges, raising concerns about potential conflicts of interest. While Atkins is supported by trade groups for his regulatory experience, he is reportedly hesitant to take on the SEC role due to the agency's perceived inefficiencies under Gary Gensler's leadership.
US money market fund assets have surged to a record $6.67 trillion, reflecting an $81.6 billion increase for the week ending November 13, driven primarily by institutional investors seeking stability amid fluctuating interest rates. Following a significant 50 basis point cut in September and a subsequent 25 basis point reduction in November by the US Federal Reserve, there has been a notable preference for low-risk assets, with $80.3 billion flowing into government-focused funds. In contrast, tax-exempt money market funds saw a decline of $1.99 billion, indicating reduced demand for tax-free investments.
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ethical concerns arise over trump's sec nominee paul atkins consulting fees
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09:43 14.12.2024
us money market funds hit record 6.67 trillion amid institutional inflows
05:57 15.11.2024
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