Another Banking Regulator Goes through the Golden Revolving Door
When one of the top banking regulators at the Securities and Exchange Commission (SEC) stepped down six months ago, observers figured it was probably just a matter of time before the official did like so many hundreds before him: go work for Wall Street.
That, indeed, is what Robert S. Khuzami, former chief of the SEC’s enforcement division, has done.
Khuzami is joining Kirkland & Ellis, one of the nation’s biggest corporate law firms, and will be paid about $5 million a year to represent businesses he used to regulate while at the SEC.
“In doing so, he is following the quintessential Washington script: an influential government insider becoming a paid advocate for industries he once policed,” Ben Protess and Peter Lattman wrote at The New York Times.
Khuzami will be reuniting with his former lieutenant at the SEC, Kenneth R. Lench, who also joined Kirkland.
http://www.allgov.com/news/appointments-and-resignations/another-banking-regulator-goes-through-the-golden-revolving-door-130730?news=850708