You are viewing an obsolete version of the DU website which is no longer supported by the Administrators. Visit The New DU.
Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Reply #2: And the penalty for this [View All]

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Editorials & Other Articles Donate to DU
chill_wind Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Oct-08-11 01:10 AM
Response to Original message
2. And the penalty for this
(among so many other things in the piece) is what exactly?

"In another controversy, a member of the enforcement staff has been alleging that the SEC has routinely broken the law by purging records of inquiries it has closed without taking enforcement action or conducting full-fledged investigations.

The information could be used to hold the agency accountable and detect patterns of wrongdoing over time.

The official, Darcy Flynn, last year notified the National Archives, which oversees the preservation of government records. In July, Flynn’s attorney reported his allegations to a member of the Senate and invoked whistleblower protection. Last month, Flynn alleged that the document destruction included a wider array of case files and was still occurring a year after the National Archives demanded an explanation from the SEC."



SEC still destroying records illegally, whistleblower says
By David S. Hilzenrath, Published: September 6 2011

A year after it was warned that it might be violating federal law, the Securities and Exchange Commission is still breaking the law by destroying records of closed enforcement cases, a lawyer in the agency’s enforcement division has alleged.

In addition, the purging of files has involved a wider range of investigative documents than previously reported, according to a signed statement by the enforcement lawyer.



The new allegations are contained in a statement dated Tuesday by Darcy Flynn, a longtime SEC employee involved in managing records for the enforcement division.



http://www.washingtonpost.com/business/economy/sec-still-destroying-records-illegally-whistleblowers-lawyer-says/2011/09/06/gIQAAD7E7J_story.html
Printer Friendly | Permalink |  | Top
 

Home » Discuss » Editorials & Other Articles Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC