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2 weeks ago | 
news.bloomberglaw.com | Bill Allison |Tom Maloney
Commerce Secretary Howard Lutnick is poised to secure what could be a large capital gains tax break. But to get it, he’ll have to lock in about $54 million in paper losses as the tariff policies he’s championed have hammered financial markets. The value of two of Lutnick’s biggest publicly traded holdings — brokerage BGC Group Inc.
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1 month ago | 
news.bloomberglaw.com | Katanga Johnson |Bill Allison
Donald Trump’s pick to lead the Office of the Comptroller of the Currency escaped intense questioning during his Senate nomination hearing Thursday as lawmakers instead focused their heaviest scrutiny on the president’s nominee for head of the Securities and Exchange Commission.
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1 month ago | 
news.bloombergtax.com | Katanga Johnson |Bill Allison
Donald Trump’s pick to lead the Office of the Comptroller of the Currency escaped intense questioning during his Senate nomination hearing Thursday as lawmakers instead focused their heaviest scrutiny on the president’s nominee for head of the Securities and Exchange Commission.
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1 month ago | 
news.bloomberglaw.com | Lydia Beyoud |Nicola White |Bill Allison
Paul Atkins, President Donald Trump’s nominee to lead the Securities and Exchange Commission, and his spouse have a combined net worth of at least $327 million, which would make him the wealthiest SEC chair in recent decades if confirmed. His stake in Patomak Global Partners, the consulting firm he founded, is worth at least $25 million, based on paperwork filed with the Office of Government Ethics.
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1 month ago | 
news.bloomberglaw.com | Lydia Beyoud |Nicola White |Bill Allison
Paul Atkins, President Donald Trump’s nominee to lead the Securities and Exchange Commission, and his spouse have a combined net worth of at least $327 million, according to new disclosures. His stake in Patomak Global Partners, the consulting firm he founded, is worth at least $25 million, based on paperwork filed with the Office of Government Ethics. The documents were made public Tuesday, two days before his nomination hearing before the Senate Banking Committee.
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2 months ago | 
news.bloombergtax.com | Gregory Korte |Bill Allison
Building America’s Future, a political group backed by billionaire Elon Musk, is planning to spend $1.6 million on ads to help elect a conservative lawyer to the state supreme court to replace a retiring liberal justice. A victory for former state attorney general Brad Schimel would give conservative judges a majority on the state’s highest court, and the spending in Wisconsin suggests how wealthy donors including Musk will try to influence state judicial bodies and local elections.
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2 months ago | 
news.bloomberglaw.com | Gregory Korte |Bill Allison
Building America’s Future, a political group backed by billionaire Elon Musk, is planning to spend $1.6 million on ads to help elect a conservative lawyer to the state supreme court to replace a retiring liberal justice. A victory for former state attorney general Brad Schimel would give conservative judges a majority on the state’s highest court, and the spending in Wisconsin suggests how wealthy donors including Musk will try to influence state judicial bodies and local elections.
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Feb 4, 2025 | 
news.bloomberglaw.com | Annie Massa |Bill Allison
Kash Patel, President Donald Trump’s pick to lead the Federal Bureau of Investigation, received a stock award last week from Truth Social’s parent company worth more than $800,000. But the grant of restricted shares in Trump Media & Technology Group Corp. didn’t appear on Patel’s financial disclosure or ethics agreement, which detail how federal appointees will handle potential conflicts of interest.
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Jan 28, 2025 | 
news.bloomberglaw.com | Bill Allison |Todd Gillespie
Democratic Senator Elizabeth Warren is pressing Commerce secretary nominee Howard Lutnick on connections he and his firm Cantor Fitzgerald LP have with a company that’s the go-to cryptocurrency of the criminal world, raising questions about potential conflicts of interest ahead of his confirmation hearing on Wednesday.
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Jan 24, 2025 | 
news.bloombergtax.com | Todd Gillespie |Bill Allison |Tom Maloney
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