The Blind Squirrel

[fourkids_9pets]

Some recent events the SEC is not so proud of besides Madoff:

http://abcnews.go.com/GMA/sec-pornography-employees-spent-hours-surfing-porn-sites/story?id=10452544

http://www.washingtonpost.com/business/economy/sec-misled-archives-on-destroying-records-inspector-general-finds/201

http://newsandinsight.thomsonreuters.com/Legal/News/2011/11_-_November/Want_inside_look_at_SEC_dealmaking__Read_IG_s_Khuzami_report/

http://www.newyorksecuritieslawblog.com/2011/12/sec-ig-report-reveals-internal-actions-that-thwart-investigations.shtml

In another case, SEC examiners in a regional office discovered what they believed to be massive hedge fund fraud committed by a manager deemed to be a major contributor the nation's financial crisis of 2008.

The examiners' concerns were passed along to agency inspectors, who initiated an investigation. Before the probe was well underway, however, a senior SEC official from the regional office took a position with the firm being investigated, which created a potential conflict of interest.


http://www.newyorksecuritieslawblog.com/2011/12/sec-ig-report-reveals-internal-actions-that-thwart-investigations.shtml

original links by Steady_T and Waking Bake

===
4kids
all jmo