A Regulator Who Represented a Company Just Prior to Taking

question 58

True/False

A regulator who represented a company just prior to taking office cannot preside over administrative hearings involving the company.

---

Definitions:

Political Corruption

The unlawful misdirection of government resources, or actions that occur when government officials abuse their entrusted powers for personal gain.

Governmental Resources

Resources managed or owned by the government, including financial, natural, and human resources, used to provide public services.

Personal Gain

Refers to the increase in wealth, status, or beneficial outcomes for an individual, often viewed in the context of motives or outcomes of actions.

Adverse Selection

A situation where asymmetric information leads buyers or sellers to make counterproductive selections, commonly seen in insurance markets.