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From Reuters

Congressional investigators said Tuesday that the Securities and Exchange Commission should keep closer track of where its employees plan to go to work after leaving the agency.

Warning of increased conflict-of-interest potential in SEC oversight of mutual funds, the Government Accountability Office recommended in a report that the SEC compile data on staff departures and monitor work done before resignations.

“In the absence of such information, SEC’s capacity to ensure compliance with conflict-of-interest laws related to post-employment opportunities is limited,” said the GAO, the investigative arm of Congress.

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