Nothing will change without changing this

WASHINGTON (Reuters) – At least 219 former officials at the Securities and Exchange Commission have left since 2006 to help clients with business before the agency, bringing fresh allegations of a “revolving door” that leaves the commission too cozy with the Wall Street firms it regulates.

According to a report to be released on Friday, between 2006 and 2010 there were 219 former SEC employees who filed letters with the agency indicating their intent to represent a client with business before the commission.

In all, those former officials advised firms on SEC business nearly 800 times, according to an advance copy of the report seen by Reuters.

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