- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
Digital financial services provider SoFi Technologies announced Stephen Simcock as general counsel.
Simcock will lead SoFi’s legal department with the retirement of Rob Lavet, the company’s chief legal officer.
Simcock previously served as vice chairman of JPMorgan Chase’s legal department and as general counsel of Chase’s retail businesses. He was previously the general counsel of Citigroup’s global consumer bank.
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Three months after a U.S. district judge declared Google to be running a monopoly, the Department of Justice recommended the tech giant be forced to sell off its popular Chrome browser as part of an effort to resolve antitrust concerns and reshape the power of tech’s biggest companies.
Securities and Exchange Commission Chair Gary Gensler will step down from his position as the top U.S. regulator of Wall Street when Donald Trump is sworn in as president on Jan. 20, ending weeks of speculation about his future.
Big Tech digital payment apps will be subjected to increased oversight and requirements–similar to that of banks and credit unions–under a finalized rule by the Consumer Financial Protection Bureau.
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