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POGO- SEC’s Revolving Door Blurs Line Between Regulator and Industry

“A Project On Government Oversight study of thousands of government records found that former staff of the Securities and Exchange Commission (SEC) routinely:

  • Tried to help corporations influence agency rulemaking;

  • Defended companies suspected of wrongdoing;
  • Helped companies soften the blow of enforcement actions;
  • Won exemptions from federal law for their clients; and
  • Secured the agency’s blessing for companies to block shareholder proposals on issues such as executive pay.”

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