Relatives of Russian officials barred from securities jobs
Russian lawmakers are discussing a new anti-corruption bill that would prohibit relatives of any public official, including distant relatives, from working for foreign-related securities firms and from using foreign financial manipulation tools
Prohibiting relatives of officials from entering the securities business is only a stop-gap measure. The only real solution is removing structural factors that make corruption possible, and introducing decentralization and checks and balances; until that happens, corruption will always exist. The ultimate answer is constitutional reform to implement direct election of the heads of the legislative, executive, judicial and procuratorial branches and free elections for all candidates to allow light to shine into the black boxes of government. For details, see the Charter for Permanent Peace and Development.