In an article titled “Ambitious SEC Agenda Creates Job Market in Private Practice,” Ignites turned to investment management counsel and former Securities and Exchange Commission (SEC) attorney Walé Oriola for insight on the SEC’s aggressive rulemaking and enforcement agenda and how it is inadvertently creating a job market in private practice.
Though more enforcement generally creates more defense work, “[i]t’s not unique to Gensler’s tenure,” said Oriola, who previously worked in the SEC’s Division of Investment Management’s rulemaking office. He noted that there has recently been “a good amount of people” leaving the commission.
Oriola explained that the coronavirus pandemic and the opportunity to work from home has created a chance for employees to reflect on their careers. He added that working in the office and seeing colleagues face-to-face may make people want to stick around the agency more.
The full article is available for Ignites subscribers.