Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, January 7, 2010

SEC Inspector General Investigated Allegations of Misconduct at Boston Regional Office

Under the heading "frequently-requested" FOIA documents," the SEC website posted a heavily redacted report from the SEC's Inspector General concluding a preliminary inquiry into charges brought by a former Putnam employee that the SEC's Boston office engaged in misconduct and essentially ignored his whistle-blowing about market-timing in 2003.  The report finds that the staff did not conduct a market-timing investigation after the former employee made his allegations in April, but instead opened an investigation in Sept. after New York AG Spitzer filed his first market-timing case.  The Inspector General did not find evidence of SEC staff misconduct.

http://lawprofessors.typepad.com/securities/2010/01/sec-inspector-general-investigated-allegations-of-misconduct-at-boston-regional-office.html

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