SEC To Expand 1-Year 'Cooling-Off' Period For Attys

Law360, Los Angeles (August 22, 2013, 8:28 PM EDT) -- The U.S. Securities and Exchange Commission is implementing new post-employment restrictions that would bar more SEC officials from appearing before the agency for one year after leaving for the private sector, Reuters reported Thursday.

The news comes after the Project on Government Oversight found that, between 2001 and 2010, more than 400 SEC alumni filed nearly 2,000 disclosure forms saying they planned to represent an employer or client before the agency. POGO’s report, released in February, takes aim at the revolving door that shuttles many of...
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