The "revolving door" between the SEC and the finance sector may have helped delay attempts last...

|By:, SA News Editor

The "revolving door" between the SEC and the finance sector may have helped delay attempts last year to reform the $2.6T money market fund industry, a report from the Project on Government Oversight (POGO) says. "The close linkage between the regulators and the regulated can influence the culture, the values, and the mindset of the agency - not to mention its regulatory and enforcement policies," the report says.