No Ethics Breach In SEC Staffer's Job Change: Report

Law360, New York (March 7, 2011, 6:14 PM EST) -- The U.S. Securities and Exchange Commission's internal watchdog found that a senior SEC officer did not violate conflict of interest rules when she negotiated a new job with the high-speed trading firm Getco LLC, according to a report revealed Friday.

Elizabeth King, a former associate director in the SEC's Division of Trading and Markets, followed protocol and did not breach ethical rules in the run-up to her acceptance of a job offer from personal friend John McCarthy, Getco's general counsel and an ex-associate director in the...
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