So...It Seems SEC Employees Were More Interested In Porn & Running Their Own Businesses

[Me.]

Than doing their jobs


“Now, thanks to little-noticed report from the agency’s inspector general, we have a detailed glimpse into other bad behavior by some SEC employees.

The report, released the day after Thanksgiving, reveals that some employees at the agency were clearly preoccupied with matters other than their mission of "protecting investors and maintaining fair, orderly, and efficient markets." The semi-annual report to Congress, which covers the period from this past April to September, details among other things a handful of employees circumventing internal controls to download porn. Let’s pause for some detail:

uncovered evidence that an employee who was still in his probationary period had used his SEC laptop computer to attempt to access Internet websites classified as containing pornography, resulting in hundreds of access denials. The OIG investigation also disclosed that this employee successfully bypassed the Commission’s Internet filter by using a flash drive.

Presumably, that’s not the kind of initiative the SEC is looking for.

There were also more serious misdeeds raised by the report. For example, there is the case of the senior-level commission employee who "clearly and purposefully identified herself as a Commission employee when dealing with brokers about a family member’s account," making the broker in question feel like she was trying to "intimidate and bully him." The OIG referred the matter to management for "disciplinary action, up to and including dismissal." By the end of the period covered in the report, management "had not proposed or taken action."

There are other examples where the punishment was less than fulsome.” Cont…

http://www.propublica.org/article/sec-report-employees-browsed-porn-ran-private-businesses-1219#When:17:01:11Z

[Me.]

1. No Wonder Madoff Got Away With Everyone's Money

“Investigators found employees in separate offices operated private photography businesses out of the commission:

An employee repeatedly and flagrantly used Commission resources, including Commission Internet access, e-mail, telephone and printer, in support of his private photography business for several years.

The IG’s office recommended "disciplinary action up to and including dismissal." In turn, the report notes, "management suspended the employee from duty and pay for nine calendar days."

When asked about the report, Deputy Director for Public Affairs John Heine said, "In each of these there is some sort of response from the Commission. We don’t have anything to say beyond that."

The report reveals also that two commission staffers employed as attorneys didn’t have active bar memberships. One attorney let his bar license lapse in 1994. The report said one of the lapsed lawyers "submitted a declaration in Federal court, in which he stated that he was an attorney employed by the SEC. We referred the potential false statement or perjury to the applicable United States Attorney’s office." (The office declined to prosecute.)” cont…

[Me.]

2. What A Crowd!

[Me.]

3. No Comments?

Not even a tiny slur against this gang of thieves and misfits?

[DCKit]

4. Fine, You asked for it.

This is the SEC under *W*. Nobody is surprised or outraged by behavior most of us assumed and expected. Hell, I'm surprised they (the SEC) haven't yet been linked to outright fraud, money laundering, murder and domestic terrorism.

It's going to take a dacade to get rid of the Booshbots and return government to any kind of functionality.