Bloomberg "US SEC Chairman Nominee Paul Atkins Has Assets Worth at Least $327 Million"

Son Min

Summary

"Bloomberg reported that Paul Atkins, nominated as SEC chairman, has assets worth at least $327 million."
"Paul Atkins is the founder of Patomak Global Partners and holds a stake worth at least $25 million, and he resigned from a blockchain-related advisory position before assuming the SEC chairmanship."
"Within 90 days of his confirmation as SEC chairman, he plans to dispose of his Securitize stock options and holdings in fintech companies and insurance firms, and resign from his position as CEO of Patomak."

Paul Atkins, nominated as the chairman of the U.S. Securities and Exchange Commission (SEC), and his wife have assets worth at least $327 million (approximately 479.5 billion KRW).

On the 25th (local time), Bloomberg reported, "According to U.S. government ethics documents, Paul Atkins and his wife hold net assets worth at least $327 million." It further stated, "Paul Atkins' stake in Patomak Global Partners, which he founded, is worth at least $25 million, and his wife is an heir to Tamko Holdings Inc.," adding that "the exact net worth of the individual is not reflected."

The media outlet noted, "He resigned from his advisory position at Securitize, a blockchain-based financial services company, ahead of his appointment as SEC chairman," and added, "He plans to dispose of his stock options in Securitize, as well as his holdings in fintech companies and insurance firms, within 90 days of his confirmation." Additionally, he plans to resign as CEO of Patomak within 90 days of being appointed as SEC chairman.