Replies to post #7891 on SEC Charges Eleven in Stock Manipulation Ring

[Aristo]

Complaint Concerning Unauthorized
Disclosure of Non-Public Information
Obtained from a Commission
Database
The OIG is conducting an investigation
into a complaint that two SEC Enforcement
attorneys repeatedly, and in violation of
agency policy, disclosed non-public
information about SEC Enforcement
investigations obtained from an internal SEC
database. The information in question was
allegedly disclosed to a corrupt FBI agent and
short seller, who were subsequently tried and
convicted of several criminal violations,
including fraud, theft, racketeering and
conspiracy in connection with a stock short
selling operation. During the reporting
period, an OIG investigator took sworn, onthe-
record testimony of the two Enforcement
attorneys who were accused of improperly
divulging the non-public information. The
OIG also obtained and reviewed the
transcripts of the testimony these two
attorneys provided at the criminal trial of the
FBI agent and short seller. In addition, we
requested and examined other
documentation, including records showing
what information these attorneys searched for
in the internal SEC database. The OIG plans
to finalize the investigation in the next
reporting period.
page 68: http://www.sec-oig.gov/Reports/Semiannual/2009/semiapr09.pdf

This is how the SEC operates!

[janice shell]

SEC never sued Elgindy. he was their friend. they (SEC) were giving Elgindy inside information and then he was shorting stocks based on those informations.

Actually, he was giving THEM information. He knew a scam when he saw one.