The SEC's Revolving Door

A revolving door blurs the lines between one of the nation’s most important regulatory agencies and the interests it regulates. Former employees of the Securities and Exchange Commission (SEC) routinely help corporations try to influence SEC rulemaking, counter the agency’s investigations of suspected wrongdoing, soften the blow of SEC enforcement actions, block shareholder proposals, and win exemptions from federal law. POGO’s report examines many manifestations of the revolving door, analyzes how the revolving door can influence the SEC, and explores how to mitigate the most harmful effects. Click here to read the overview.


 Coverage of the Report

Watch Zach Carter, Huffington Post's Senior Political Economy Reporter, discuss the revolving door report on HuffPo Live.

Read additional coverage of the report from The New York Times, CNBC, Bill Moyers, Salon and The Washington Post.

Appendix A and B

Appendix A contains tables of rankings for former SEC officials who have gone through the revolving door and rankings of firms that have hired former SEC employees. See Appendix A.

Appendix B shows examples of career paths SEC employees take once they leave the agency and join the private sector. See Appendix B.

2011 Report: Revolving Regulators

POGO's previous report on the extent of the revolving door between regulators at the Securities and Exchange Commission and Wall Street firms. Our database of post-employment statments was also launched with this report.

Other Work on the Financial Sector

Images by: Flick users eschipul, Iman Mossad, Thomas Hawk, SalFalko, Securities and Exchange Commission, kenteegardin, Kristin Roach, GrungeTextures, and Pam Rutter.