Is the SEC's revolving door spinning out of Control?
source: http://pogoblog.typepad.com/pogo/2011/05/the-revolving-regulators-new-pogo-report-and-search...
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- cosmicsmudge
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Apparently burnishing your resume at the Securities and Exchange Commission (SEC) is a pretty good way of launching your career in high finance.
The Project On Government Oversight’s (POGO) investigative team took a look at five years’ worth of records from the SEC and found that 219 employees left the SEC between 2006 and 2010 for jobs representing firms before the SEC.
Nothing wrong with that, right? Well, not until you start wondering if SEC regulators could be tempted to give preferential treatment to firms that might one day hire them.
POGO released a report and searchable database shows that some employees announced their intention to represent regulated clients within days of leaving the Commission.
http://pogoblog.typepad.com/pogo/2011/05/the-revolving-regulators-new-pogo-repor...
The Project On Government Oversight’s (POGO) investigative team took a look at five years’ worth of records from the SEC and found that 219 employees left the SEC between 2006 and 2010 for jobs representing firms before the SEC.
Nothing wrong with that, right? Well, not until you start wondering if SEC regulators could be tempted to give preferential treatment to firms that might one day hire them.
POGO released a report and searchable database shows that some employees announced their intention to represent regulated clients within days of leaving the Commission.
http://pogoblog.typepad.com/pogo/2011/05/the-revolving-regulators-new-pogo-repor...
