Friday, June 11, 2010

ANOTHER EXAMPLE OF THE REVOLVING DOOR

This isn't against the law but it should be.
High-frequency trader Getco hires key US SEC staffer
Fri Jun 11, 2010 12:38pm EDT
By Jonathan Spicer and Rachelle Younglai

MONTREAL June 11 (Reuters) - Getco LLC, a big market maker and high-frequency trader, has hired a key U.S. Securities and Exchange Commission associate in charge of crafting rules for the equity and option markets.

Elizabeth King will join Getco as the SEC steps up scrutiny of the fragmented, mostly electronic marketplace and considers new rules to ensure fair access to public markets.

King was associate director of the SEC's trading and markets division, which is responsible for supervising exchanges, brokers and credit rating agencies.

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