By Aaron Nicodemus2024-11-26T14:53:00
Hedge fund manager Scott Bessent, named by Donald Trump on Friday as his nominee for Treasury Secretary, has a clear mandate to deregulate the financial markets should he take the helm.
Bessent, the billionaire CEO and founder of Connecticut-based Key Square Group, is well-known on Wall Street. According to Trump’s announcement of his nomination on Truth Social, Bessent has been an investment manager for 35 years.
According to CBS News, Bessent is also a protégé of billionaire George Soros and was an executive with Soros Fund Management before launching Key Square Group.
2025-07-16T20:13:00Z By Oscar Gonzalez
The U.S. Department of Labor scaled back OSHA penalties for small businesses and limited use of the general duty clause as part of the Trump administration’s deregulation agenda.
2025-03-19T19:15:00Z By Oscar Gonzalez
President Donald Trump fired two Democratic commissioners serving on the Federal Trade Commission, the regulatory agency overseeing antitrust and consumer protection laws and which has been traditionally independent and staffed by members of both political parties.
2024-10-30T14:17:00Z By Aaron Nicodemus
The U.S. Treasury Department has issued a final rule–and created a new division to oversee it–that will attempt to limit outbound investments to China related to sensitive technologies with military applications.
2025-10-21T18:11:00Z By Adrianne Appel
Eight auto insurers failed to meet the requirements of New York’s cybersecurity regulations during widespread online attacks in 2021 and will pay $19 million under consent orders with the New York State Department of Financial Services (NYDFS).
2025-10-21T17:13:00Z By Oscar Gonzalez
Canada is creating a new federal office to lead efforts against financial crime. The initiative marks the government’s most significant move yet to modernize its approach to fraud and money laundering.
2025-10-20T18:07:00Z By Adrianne Appel
Three executives of a multinational voting machine company in the crosshairs of President Donald Trump since 2020 have been indicted in Florida by the U.S. Department of Justice for allegedly paying $1 million in bribes to the Philippines top election official.
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