Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:Piwowar Comes Under Senatorial Fire Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, June 15, 2018

Piwowar Comes Under Senatorial Fire

News summary by MFWire's editors

It's only three weeks until Mike Piwowar (a Republican) steps down from the Securities and Exchange Commission (SEC), but it looks like Senate Democrats don't want to let him go quietly.
Michael S. Piwowar
SEC
Commissioner


On Wednesday seven Senators sent a letter to Carl Hoecker, inspector general of the SEC. In the letter, the Senators call on Hoecker to investigate Piwowar for reportedly chastising Citigroup about new policies related to firearms sellers while talking to Citigroup about regulations on derivatives. The seven Senators are Richard Blumenthal (Connecticut), Dianne Feinstein (California), Kamala Harris (California), Robert Menendez (New Jersey), Christopher Murphy (Connecticut), and Chris Van Hollen (Maryland).

Bloomberg, the Hill, InvestmentNews, and Reuters all picked up on the news. The SEC did not comment to the publications.

"We do have concerns that Commissioner Piwowar may have abused his government position in an attempt to unduly influence Citigroup to reverse a business decision that conflicts with his personal and political views," the Senators write. "The SEC should base regulatory decisions on facts and merits, not on unrelated corporate practices that a particular Commissioner dislikes or that are disliked by organizations they support." 

Edited by: Neil Anderson, Managing Editor


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use