According to a recent Wall Street Journal report, Federal Trade Commission (FTC) regulators are more active as investors in high tech than employees of other government agencies. The fact that it is their job to regulate those same high tech companies (Facebook, Twitter, et al.) does not seem to get in the way much.
It would be naive not to expect corruption in an agency of this sort. But the openly brazen nature of this corruption, where a clear conflict of interest is clear enough for anyone to see, is still, in some twisted way, impressive.
References
The Regulators of Facebook, Google and Amazon Also Invest in the Companies’ Stocks
Brody Mullins , Rebecca Ballhaus , Chad Day , John West and Coulter Jones, The Wall Street Journal, 13 October 2022