Prospective SEC Chairman Dismisses Revolving Door Concerns →

Mary Jo White—President Obama’s nominee to serve as chairman of the Securities and Exchange Commission (SEC)—said at her confirmation hearing today that the investing public need not worry about her history of defending companies from the government.

But her explanation was less than reassuring. If potential conflicts of interest don’t disqualify this former corporate lawyer from doing the job of SEC chairman, her testimony showed, that’s largely because federal ethics rules are so permissive.

Read more on POGO’s blog.

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