Insider news: Paul Atkins, nominated by Trump for the position of Chairman of the U.S. SEC, is unwilling to accept the role

According to reports, Paul Atkins is the preferred SEC chairman candidate for elected U.S. President Donald Trump, but accepting this position requires many factors to align. A person familiar with Atkins' thoughts said that this role does not appeal to Atkins because he believes a lot of work is needed to turn around the bloated agency mismanaged by Gary Gensler, and Atkins is reluctant to leave his global consulting firm.

Atkins, a former SEC commissioner, was seen at Trump's resort this week, an industry insider said. He is scheduled for interviews for the SEC chairmanship on Sunday and Monday, another person familiar with the meeting said.

It is reported that Atkins is the founder and CEO of Patomak Global Partners, a global consulting firm focused on strategy, risk management and regulatory compliance. Patomak serves crypto companies but they are just part of its diversified business which also includes traditional financial clients, listed companies, trade associations law firms banks and insurance companies. Before founding Patomak , Atkins was an SEC commissioner from 2002 to 2008 appointed by former US president Bush . During his tenure at the SEC Mark Uyeda and Hester Pierce worked under him who later also became an SEC commissioner.