SEC hires more experts to look at financial systems

Agency wants more employees from diverse backgrounds.

The next time the Securities and Exchange Commission stops a financial fraud, it might be partly because of work that physicist Gregg Berman did studying the tiny particles spun off by exploding stars and distant galaxies. The Washington Post reports that today, the Princeton-trained nuclear physicist is investigating for the SEC what was behind the massive flash crash that sent the stock market into a tailspin last month. A specialist at culling conclusions from masses of chaotic information, Berman is in part trying to ascertain whether wrongdoing played a role. Although lawyers fill most of the SEC’s ranks, the agency has been hiring experts with specialized quantitative skills and those who have worked on Wall Street who are hip to its tricks.

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    USS RONALD REAGAN (CVN 76)/Petty Officer 2nd Class Cameron211026-N-DK722-1237 YOKOSUKA, Japan (Oct. 26, 2021) – Secretary of the Navy Carlos Del Toro speaks to the crew during an all hands call in the hangar bay of the U.S. Navy’s only forward-deployed aircraft carrier USS Ronald Reagan (CVN 76). Ronald Reagan, the flagship of Carrier Strike Group 5, provides a combat-ready force that protects and defends the United States, and supports alliances, partnerships and collective maritime interests in the Indo-Pacific region. (U.S. Navy Photo by Mass Communication Specialist 2nd Class Cameron C. Edy)

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