Bloomberg News’ White House Reporter Jennifer Jacobs reported Friday evening that President Donald Trump’s nominee to be Army Secretary has pulled out of consideration.
Viola, billionaire founder of Virtu Financial, told Trump distancing from his business ties too difficult, sources told me and @mattleising.
— Jennifer Jacobs (@JenniferJJacobs) February 4, 2017
Vincent Viola, billionaire founder of Virtu Financial, was forced into a situation where he had to divest from his interests and businesses. According to Jacobs, however, this proved to be too difficult for him.
If he was confirmed, there were concerns he would be prosecuted for violating laws against conflicts of interest.