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SEC Officials' Holdings Pose Conflicts?

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According to government documents viewed by Reuters, two lawyers appointed to senior jobs at the U.S. Securities and Exchange Commission have ties to major companies. These include financial firms Goldman Sachs Group Inc and Wells Fargo & Co that could complicate efforts to regulate them.Steven Peikin is the new co-head of enforcement at the SEC. According to a disclosure filing obtained through a public records request, he held as much as $9 million worth of stock in dozens of blue-chip companies as of Aug. 8.Among them are several large financial firms whose shares Peikin plans to divest. According to a disclosure filing obtained through a public records request these include Goldman, JPMorgan Chase & Co, Citigroup Inc and Intercontinental Exchange Group Inc. http://feeds.reuters.com/~r/reuters/t... http://www.wochit.com This video was produced by YT Wochit News using http://wochit.com

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