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HomeWhat Is Really Going On at The SEC?
Posted by Larry Doyle on August 11th, 2014 9:38 AM |
If we thought that our nation’s top financial cops had embraced the mantel of truly protecting the public interest, a recent story put forth by CNBC gives us serious reason to pause in that assessment.
This story addresses a leak inside the commission and generates far more questions than answers as to what is really going on inside the offices of the SEC.
Let’s navigate, review, and critique how the SEC Probes Its Own Leak But Can’t Find Culprit:
The inspector general of the Securities and Exchange Commission conducted an intensive, months-long dragnet in 2013 and 2014 involving phone, email and security searches to determine who inside the agency allegedly leaked information to the media about a closed commission meeting discussing the massive JPMorgan “London Whale” settlement, CNBC has learned.
Insider Trading at the SEC??
Posted by Larry Doyle on March 5th, 2014 4:07 AM |
The abbreviated definition of insider trading is “the buying or selling of a security by someone who has access to material, nonpublic information about the security.”
Who could possibly be more “inside” than an individual who is in the position to take action against a company, that is employees of the Securities and Exchange Commission?
In another edition of “You Can Not Make This Stuff Up,” a recent paper highlights how employees at the SEC are superb in terms of their stock trading and specifically their stock selling skills. Let’s navigate. (more…)
