Bloomberg Law
Feb. 19, 2021, 5:04 PM

ANALYSIS: In Defense of the SEC’s Revolving Door

Preston Brewer
Preston Brewer
Legal Analyst

A new presidential administration provides an opportunity to re-examine certain hiring policies, such as conflicts of interest questions that may arise from hiring experienced industry practitioners. But while the so-called “revolving door” requires consistent oversight, hiring experienced officials is crucial to providing informed market and industry regulation.

In one of his most high-profile appointments to the financial industry, President Biden has nominated Gary Gensler, a former partner and co-head of finance at powerhouse investment bank Goldman Sachs, to chair the Securities and Exchange Commission. The five-member commission sets policy for the SEC in its governance of much ...