Treasury's McKernan to Step Down, Sources Say

Also, Fed proposes AML changes; SEC forms working group to combat fraud targeting retail investors

Jonathan McKernan, a top Treasury Department official who has been a central player in the Trump administration’s push to ease regulation on Wall Street, is expected to step down next week, according to sources. His exit comes only nine months after being confirmed as under secretary for domestic finance – and adds to the thinning ranks of Secretary Sco…