The Wall Street Journal reports that US lawmakers are complaining about the revolving door over at US regulator The Securities and Exchange Commission (SEC), as more and more staff use their stint at the regulator as a stepping stone to earn some real money on Wall Street.
Senator Charles Grassley (Rep., Iowa) said in a statement earlier this week: 'We need to ensure that SEC officials are more focused on regulation and enforcement than on getting their next job in the industry they are supposed to oversee'.
Finally, on the subject of jobs, Morgan McKinley has released its London Employment Monitor for May. New job vacancies in financial services rose by 3% over April, jumping 82% when compared to May 2009. And sector professionals looking for new job opportunities rose 41% compared to May last year.