Saturday, November 29, 2008

SEC Employees Investigated for Suspicious Trading

The Securities and Exchange Commission is examining whether two of itsemployees broke agency rules or tapped nonpublic information whilemaking a high volume of trades.

SEC Inspector General David Kotz said his office has reviewed morethan two years of brokerage records to see if the investments wereapproved, properly reported and held for required amounts of time. Theprobe described in Kotz's semi-annual report to Congress, postedyesterday on the SEC's Web site, also examines whether trades werebased on confidential information from casework, co-workers or agencyresources.



SEC Investigates Two of Its Own After Suspicious Volume of Trades

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