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The (POGO) Blog

November 27, 2013

By Michael Smallberg

SEC Delays Revolving Door Restriction



Revolving Door Months ago, bowing to concern about regulators who leave government and then work their former colleagues on behalf of industry, the Securities and Exchange Commission (SEC) announced that it was tightening restrictions on the revolving door. But a notice published in Monday’s edition of the Federal Register said that the Office of Government Ethics (OGE) was withdrawing the new rule at “the request of the SEC” so that the agency could have more time to “effectively educate affected employees before the exemption revocation takes effect.”

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Topics: Financial Sector

November 13, 2013

By Avery Kleinman

Obama Nominates CFTC Chairman with Corporate Ties



Timothy Massad Yesterday, President Obama nominated Timothy Massad, who currently works at the Treasury Department overseeing the government bailout, as chairman of the Commodity Futures Trading Commission (CFTC). But there is skepticism about Massad's priorities.

Continue Reading Obama Nominates CFTC Chairman with Corporate Ties

Topics: Financial Sector

November 4, 2013

By Avery Kleinman

Budget Crunch May Force Financial Regulator to Forgo Investigations



Financial Oversight The Commodity Futures Trading Commissions is suffering from lack of resources, making proper industry oversight impossible, officials said last week.

Continue Reading Budget Crunch May Force Financial Regulator to Forgo Investigations

Topics: Financial Sector

October 22, 2013

By Avery Kleinman

JPMorgan Close to Record $13 Billion Settlement



Financial Oversight JP Morgan Chase is close to settling a $13 billion deal with the government over the company’s mortgage practices leading up to the financial crisis. The proposed settlement would be the largest amount of damages ever paid by a financial firm.

Continue Reading JPMorgan Close to Record $13 Billion Settlement

Topics: Financial Sector

October 17, 2013

By Avery Kleinman

Wall Street Erases Its Own Mistakes



Financial Oversight An online database serves as a repository of Wall Street brokers’ bad behaviors, allowing the public to check for any red flags before investing, but a new report found that in the vast majority of cases, brokers who asked to have bad marks removed from th

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Topics: Financial Sector

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Podcast; Social Media, Internet Provides Opportunities, Challenges for Lawmakers

The Congressional Management Foundation offers the Gold Mouse Awards annually to members of Congress who make the most of the opportunity the digital world offers them. POGO spoke with members of Rep. Mike Honda's communications team about their award.