Trump’s Pick for SEC Chairman Was Wall Street’s Expert for Hire
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The incoming chairman of the Securities and Exchange Commission built a career dealing with regulators—as their adversary. When AT&T needed an ally to thwart a 2021 SEC lawsuit, it hired Paul Atkins, a former SEC commissioner who in 2009 began building a profitable yet opaque niche as one of Wall Street’s go-to advisers in Washington. Atkins, nominated as President Trump’s next SEC chairman, served as an expert witness for the telecom giant, telling a court that AT&T hadn’t violated a law that forbids companies from selectively disclosing nonpublic information to Wall Street analysts.
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