BROWSE BY TOPIC
- Bad Brokers
- Compliance Concepts
- Investor Protection
- Investments - Unsuitable
- Investments - Strategies
- Investments - Private
- Features/Scandals
- Companies
- Technology/Internet
- Rules & Regulations
- Crimes
- Investments
- Bad Advisors
- Boiler Rooms
- Hirings/Transitions
- Terminations/Cost Cutting
- Regulators
- Wall Street News
- General News
- Donald Trump & Co.
- Lawsuits/Arbitrations
- Regulatory Sanctions
- Big Banks
- People
TRENDING TAGS
Stories of Interest
- Sarah ten Siethoff is New Associate Director of SEC Investment Management Rulemaking Office
- Catherine Keating Appointed CEO of BNY Mellon Wealth Management
- Credit Suisse to Pay $47Mn to Resolve DOJ Asia Probe
- SEC Chair Clayton Goes 'Hat in Hand' Before Congress on 2019 Budget Request
- SEC's Opening Remarks to the Elder Justice Coordinating Council
- Massachusetts Jury Convicts CA Attorney of Securities Fraud
- Deutsche Bank Says 3 Senior Investment Bankers to Leave Firm
- World’s Biggest Hedge Fund Reportedly ‘Bearish On Financial Assets’
- SEC Fines Constant Contact, Popular Email Marketer, for Overstating Subscriber Numbers
- SocGen Agrees to Pay $1.3 Billion to End Libya, Libor Probes
- Cryptocurrency Exchange Bitfinex Briefly Halts Trading After Cyber Attack
- SEC Names Valerie Szczepanik Senior Advisor for Digital Assets and Innovation
- SEC Modernizes Delivery of Fund Reports, Seeks Public Feedback on Improving Fund Disclosure
- NYSE Says SEC Plan to Limit Exchange Rebates Would Hurt Investors
- Deutsche Bank faces another challenge with Fed stress test
- Former JPMorgan Broker Files racial discrimination suit against company
- $3.3Mn Winning Bid for Lunch with Warren Buffett
- Julie Erhardt is SEC's New Acting Chief Risk Officer
- Chyhe Becker is SEC's New Acting Chief Economist, Acting Director of Economic and Risk Analysis Division
- Getting a Handle on Virtual Currencies - FINRA
ABOUT FINANCIALISH
We seek to provide information, insights and direction that may enable the Financial Community to effectively and efficiently operate in a regulatory risk-free environment by curating content from all over the web.
Stay Informed with the latest fanancialish news.
SUBSCRIBE FOR
NEWSLETTERS & ALERTS
Trump's Pick For Labor Secretary Admits To Employing Illegal Immigrant
U.S. President Donald Trump's choice to lead the Labor Department - Andrew Puzder, CEO officer of CKE Restaurants - admitted to employing an undocumented immigrant as a house cleaner, the kind of revelation that derailed Cabinet nominees in previous administrations.
- Two former nominees under President George W. Bush and one previous nominee under President Bill Clinton. All 3 nominees withdrew their names for consideration after the news came to light.
- Wilbur Ross, Trump's pick for commerce secretary, admitted last month that he recently fired a household employee who could not provide proof of legal status. A Senate panel later approved his nomination; he awaits confirmation by the full Senate.
Late Monday, Andrew Puzder, one of several Trump nominees who face strong opposition from Senate Democrats and progressive groups, issued a statement late Monday that he and his wife had employed a housekeeper for a few years without being aware that she was not legally permitted to work in the United States.
[And of course, during that time he failed to filed employer taxes, take out workers compensation insurance, issue W-2’s, etc.]
"When I learned of her status, we immediately ended her employment and offered her assistance in getting legal status," he said in the statement. He said he paid back taxes for employing the maid to the IRS and to California.
Senator Lamar Alexander, chairman of the Senate Committee on Health, Education, Labor and Pensions, pointed out that Puzder had reported his mistake and voluntarily corrected it – adding that this transgression should not disqualify him from being a cabinet secretary.
Puzder's tentative date for a confirmation hearing has been repeatedly postponed, as the committee awaited completion of an ethics review by the Office of Government Ethics. As of Tuesday, the committee had still not received any of the necessary paperwork on Puzder's nomination, though the FBI background check had been completed, according to a committee aide.
It is unclear whether the issues with hiring an undocumented worker could impede Puzder's confirmation.