U.S. Sec Urged to Adopt More Revolving Door Safeguards

Summary

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WASHINGTON (Reuters) - The U.S. Securities and Exchange Commission needs to keep better track of the ethics advice it doles out to ensure former officials don't get caught up in conflicts of interest when they go into the private sector, a new government study has found.

The report by the Government Accountability Office is the latest rebuke of the SEC's "revolving door" policies. A report by the SEC's inspector general earlier this year criticized the SEC for failing to keep adequate records about potential conflicts of interest.

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U.S. Sec Urged to Adopt More Revolving Door Safeguards

The inspector general has also separately referred for criminal scrutiny allegations that former...

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