U.S. Senator Elizabeth Warren pushed the Securities and Exchange Commission to be vigilant in ensuring that billionaire investor Carl Icahn isn’t using his role as an adviser to the Donald Trump administration to gain unfair trading advantages.
“I do not understand how we can have someone who continues to trade in a market and is influencing regulatory policy simultaneously,” the Massachusetts Democrat said Thursday at the Senate confirmation hearing for Jay Clayton, President Donald Trump’s nominee to lead the SEC. “I want to hear the chair of the SEC say he’s going to look into this and I hope put a stop to it.”
In December, then-President-elect Trump announced that he’d tapped Icahn as a special adviser on rules. Icahn’s “help on the strangling regulations that our country is faced with will be invaluable,” Trump said at the time.
The unusual nature of the special adviser role, Icahn’s extensive investment portfolio and