Eric Cantor Spins Through Wall Street's Revolving Door

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Mark Melin
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In the revolving door derby, apparently a House Majority leader is worth less to Wall Street than a former SEC enforcement director or a US Department of Justice criminal prosecution chief. Eric Cantor joining Moelis & Co Former U.S. House Majority Leader Eric Cantor, credited with being a strong advocate for Wall Street interests, is joining Wall Street investment bank Moelis & Co (NYSE:MC) where an SEC filing shows he will receive $3.5 million after earning $193,400 last year as a Congressman. Eric Cantor’s primary election loss to little-known economics professor, Republican David Brat, who in part campaigned against Cantor’s Wall…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.