US President Donald Trump’s pick for Army secretary drops out

By: |
Washington | Published: February 4, 2017 11:41:27 AM

Vincent Viola, an Army veteran and founder of a high-speed trading firm nominated by US President Donald Trump to be secretary of the Army, withdrew his name from consideration on Friday, a US official said.

dt-l-reuThe Military Times, which first reported the news, cited Viola’s inability to get around Defense Department rules concerning his family businesses as the reason for withdrawing his name. (Reuters)

Vincent Viola, an Army veteran and founder of a high-speed trading firm nominated by US President Donald Trump to be secretary of the Army, withdrew his name from consideration on Friday, a US official said. “Secretary Mattis is disappointed but understands and respects Mr. Viola’s decision,” a Pentagon statement said, adding that Secretary of State Jim Mattis would recommend another candidate soon.

The Military Times, which first reported the news, cited Viola’s inability to get around Defense Department rules concerning his family businesses as the reason for withdrawing his name.

You may also like to watch this

Viola is a former chairman of the New York Mercantile Exchange and is a leader in electronic trading. Along with Virtu CEO Douglas Cifu, he bought the Florida Panthers of the National Hockey League in 2013.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.