From 2001 through 2010, "more than 400 SEC alumni filed almost 2,000 disclosure forms saying they planned to represent an employer or client before the agency," the report states.
It continues: "Those disclosures are just the tip of the iceberg, because former SEC employees are required to file them only during the first two years after they leave the agency."
The report cites high-profile financial firms such as UBS, JPMorgan Chase & Co. and Alaska Air Group Inc. as benefiting from the work of former SEC employees. Such ex-SEC officials have helped the companies they now represent win favorable regulatory rulings, the report asserts.
No comments:
Post a Comment