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About something pretty incredible.
This involves SEC and it also involves -- -- attorney's office remotely explain this well I -- you know the revolving door there is a revolving door between Washington and Wall Street Washington -- drop in terms.
There's a revolving door between law enforcement -- -- detective wolf and they go to that they go to law firms and private sector.
Hear what we have is the US attorney's chief spokeswoman woman I know I actually like Ellen Davis you know we've all dealt with -- she's now joining a PR firm.
That's not crazy what's crazy -- would interest the you know this is it is a juicy twist.
Is that the PR firm she's joining -- ever been any company who is the PR firm that is representing Steve Cohen an SEC capital as.
The New York stated that the New York if it did -- a district of Manhattan US attorney's office.
Is obviously investigating Steve Cohen an SEC capital over potential insider traders will be get a couple -- points down and I wanna bounce around you guys I think it's -- -- we we should.
Point out that you know this is perfectly legal.
I spoke to George -- the principal -- sort of been mentioned he tells me that Allen is not going to be working on SEC related cases it will be Chinese -- she doesn't start.
Doesn't leave the US attorney's office to the and a month she starts at -- in September.
That said I I will say this I've been spending the morning talking with law enforcement sources.
Up people at the justice of -- people even at the FBI and what they are telling every day this is raising eyebrows for the obvious reason.
Is this wind I don't care what anybody says.
You don't forget things when you're at its chief spokeswoman for pre for -- the US attorney for the southern district.
-- been knee deep in this SEC investigation you're in -- meetings you know what's going on.
SEC is pain sore ever been in a ton of money to help them.
There has to be.
Some sort of synergy here I've put it mildly lobby would think that there would be information sharing I thinks George sort of Smart enough.
Not to put her in -- cross it I would think that she I mean this is there is no prohibition usually when you go from congress.
To -- law from I think there's an order or the SEC -- -- commission to law firm there is some sort of window where you can't work on directly related cases.
I don't know if there's anything.
Legally involved in PR people but listens she's on the confidentiality of some of the stuff but still.
But until deep -- have been one charming guy to get her to leave that's we should point out that -- -- told me today that Steve Cohen did -- that -- but the they're raising activities it.
Does it raise the F programming for it's it's when there there was an employee of the FCC who then went to work for telecommunications.
Giant after the got a favorable ruling.
Is it that kind of.
Question that's why I think I was and I I think it does resume we -- also raised the question as you and I were talking earlier -- I think you brought this up I think rightly so.
Whether pre pre brought -- might move on when your you know -- -- yeah US attorney has been always ought to speculation he might go to Washington possibly pick Eric holder's job now -- our coldest.
Under fire for the iris investigation he might be a -- he's a very good job -- you know.
As US attorney.
She was his principal spokesman she did a pretty good she did a good job.
This and yes it does raise the issue I will say this if this happens from time to time in a major way and Wall Street.
The last time I remember it happening really sort of it involved an investigation Bear Stearns is on their investigation.
Involving its clearing unit weather is clearing unit was clearing stock trades for bucket shop brokerage firms -- you know little wall -- Wall Street type bucket.
Bucket -- back in the late 1990s.
Bear -- during this investigation went out and hired to run its clearing unit.
The head of the SEC unit that regulates.
Bucket but regulates clearing his name is Richard Lindsey.
It was right in the middle this investigation into -- -- I was at the Wall Street Journal the time we did when he reporting on this it raises the issue this does as well.
I know George -- are pretty Smart guy and he's honest guy.
I think he'll set up the Chinese walls he knows that.
She and she knows that she's in big trouble but you know why -- George soared higher.
-- her for her she was producer as you know any editing pictures of what -- journalists -- there's been a flak for awhile.
But -- originally -- is because shields government and he represents what is shorts are due he represents people in trouble this is not like a flak that goes out says.
You know it's my story from scratches.
Qualified and tough we had to deal with her -- she you know she tried to put below it if she doesn't she's actually pretty good but I will say.
This George -- is it is a crisis communication -- -- -- crisis communications.
This -- get shares of common knowledge.
About it at -- and he represents hedge funds were on the fire so tell me if she not gonna give an insight into the US attorney's office of course she is it.
How that line gets played.
Is what could be an -- story but I think they're Smart enough not to go to close.
You -- and -- very angry with -- yes I training camp.
Can be seen this -- have -- deadlines approach -- as they get these in the video did you just -- my book circle of friends comes -- circle of friends.
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