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 Son-In-Law Kushner Will Be Named Senior Advisor to the President
[Photo: by Todd Heisler / NYTimes]
Donald Trump will name son-in-law Jared Kushner a senior advisor to the president, a transition official told NBC News on Monday. Kushner, who is married to daughter Ivanka, has been in Trump's inner circle during and after the presidential campaign. Like his father-in-law, Kushner has no previous experience in government.
Washington law firm WilmerHale has advised Kushner on how to navigate the potential ethical problems of taking a position in his father-in-law's White House, according to The NYTimes. The firm contends that a law barring presidents from picking relatives for agencies they lead does not apply to the White House, though some experts disagree with that assertion.
"Mr. Kushner is committed to complying with federal ethics laws and we have been consulting with the Office of Government Ethics regarding the steps he would take," Kushner's lawyer said in a statement to NBC News.
The NYTimes also reported that Kushner plans to resign as Kushner Companies CEO and divest "substantial assets." An advisory role left the possibility that Kushner could have a say in White House policy that would affect his personal holdings.
NOTE: It would be interesting to see how those issues play out, given Saturday's report in the NYTimes that Kushner met with Anbang Insurance Group after the election in November to discuss the redevelopment of 666 Fifth Avenue, a building owned by the Kushner family.
Anyway, Trump has so far taken few steps to address the potential that his presidency could benefit him or his family financially despite criticism. He has so far resisted calls to establish a blind trust and divest his holdings, but he is expected to give more information about those efforts at a news conference on Wednesday.
Trump has defended himself by saying the president is not subject to criminal conflict of interest laws. However, the Office of Government Ethics says presidents have always acted like they are bound by those laws.