As the Obama administration looks to fill a vacancy on the Securities and Exchange Commission, a potential hurdle has emerged from an unexpected source: former SEC officials who are warning candidates that the agency has become dysfunctional.
Some of the at least five individuals the White House is considering for a Democratic opening on the commission have been urged by colleagues to think long and hard about going to the agency if offered the job. Among the reasons they cite: A tumultuous confirmation process and the increasingly gridlocked nature of the commission, according to people familiar with the discussions.
‘Enforcement 40’ for 2020
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