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.