Bank Of Baku

US SEC independence questioned

US SEC independence questioned
# 14 May 2011 10:49 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. US officials question the independence of the US Securities and Exchange Commission.

According to APA-Economics, 219 employees of SEC transferred to the large private companies in the past five years and this fact overshadowed the independence of the Commission.

There were about 800 cases when former SEC employees represent their new employers in the relations with SEC. There are some facts of transfer of the private sector employees to SEC, which are assessed as an obstacle in independent work of the Commission.
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