Tuesday, June 2, 2009
The SEC's Office of Inspector General released its semi-annual report to Congress, covering the period from Oct. 1, 2008 -- Mar. 31, 2009. In it the OIG describes both its past and pending audits and investigations that look into a variety of allegations involving SEC employees' peformance. The report describes its investigation into why the SEC never uncovered the Madoff ponzi scheme and states that it expects to complete the investigation by this fall. It also describes an ongoing investigation stemming from complaints of investigative misconduct by enforcement attorneys. A Wall St. Journal article today says that this investigation was triggered by Mark Cuban's complaints about the conduct of the SEC attorneys investigating the allegations of insider trading against him, WSJ, SEC Examines Actions by Staffers.