We are a nation of sellouts. So it is probably not alarming that the SEC — the agency that’s supposed to keep businesses from cheating each other and the investing public — is filled with sellouts, too.
Sellouts in Washington are so common they’re not even called sellouts anymore. They’re just professionals passing through a revolving door. They go from regulator to the regulated. And it’s not like switching teams as a Cold War spy. It’s perfectly legal and socially acceptable most of the time.
‘Enforcement 40’ for 2020
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