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Trump SEC pick discloses family fortune of more than $328 million
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Trump SEC pick discloses family fortune of more than $328 million
Mar 25, 2025 8:36 PM

March 25 (Reuters) - Paul Atkins, President Donald

Trump's pick to lead the U.S. Securities and Exchange

Commission, has disclosed personal assets held jointly with his

wife valued at more than $328 million, according to a Reuters

analysis of ethics documents released on Tuesday.

Atkins is due to face Senate confirmation hearings on

Thursday, nearly four months after Trump tapped him to oversee

the $120 trillion U.S. capital markets amid a sweeping White

House attack on the federal workforce in which thousands have

been dismissed.

The SEC is set to hemorrhage workers under voluntary buyouts

offered by the White House, which come as officials say the

agency was already stretched thin.

Atkins, who was an SEC commissioner from 2002 to 2008, did

not immediately respond to a request for comment. However, a

spokesperson for the Trump presidential transition said Atkins

was in full compliance with ethics and disclosure requirements.

"If confirmed, Mr Atkins will consult with the SEC's

ethics officer and act in accordance with the governing

regulations during his term at the SEC," the spokesperson said.

Atkins has pledged to divest from his risk consultancy

Patomak Global Partners, which he valued at between $25 million

and $50 million, which counts an array of giant corporations as

clients.

Financial disclosures reveal asset valuations in ranges,

rather than precise amounts. The possible upper bound for the

husband-and-wife total assets could exceed $588.8 million, the

documents show.

Atkins' lengthy career defending industry and extensive

financial portfolio have sparked concern over potential

conflicts, with Democratic Senator Elizabeth Warren on Monday

writing to the former commissioner for more details on his

involvement with failed crypto exchange FTX among others.

Patomak, is among FTX's creditors, according to bankruptcy

filings.

Atkins' financial disclosures also show he has been an

expert witness for clients that have been the target of SEC

enforcement, such as Virtu Financial ( VIRT ) and JPMorgan ( JPM )

. Virtu representatives did not immediately respond to

requests for comment. A spokesperson for JPMorgan ( JPM ) declined to

comment.

The lion's share of the diverse Atkins family fortune

derives from Atkins' marriage to Sarah Humphreys Atkins, whose

family helped found the roofing materials supplier Tamko.

Atkins also disclosed 32 positions in organizations outside

the government, including eight family trusts, seven LLCs and

six nonprofits.

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