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Candidates Hit SEC Over Revolving Door, Political Spending

Joe Mont | September 1, 2015

The Securities and Exchange Commission found itself in the crosshairs of two 2016 presidential candidates this week.

On Monday, Hillary Clinton co-authored a Huffington Post article with Sen. Tammy Baldwin (D-Wis.) on the so-called “revolving door,” a career path where financial industry personnel join regulatory agencies and later return to their former firm or a competitor. Bringing private-sector experience into the government can, at times, be an asset, they wrote, but it can also affect the public trust “if a public servant's past and future are tied to the financial industry.”

“That's when people start worrying that the foxes are guarding the hen house,” the co-authors added.

The piece was intended to garner support for the proposed... To get the full story, subscribe now.