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The Project on Government Oversight has become the financial regulatory eyes and ears for our nation. While one would think Congress might care to thoroughly investigate government agencies and hold them to account, our recent history has shown us that the Congressional oversight is severely lacking. Enter POGO. What has POGO provided us now?
By utilizing the Freedom of Information Act, POGO has provided a huge window of transparency into the SEC. Why should POGO have to perform these acts? Where is the Congressional oversight? Heck, where is the SEC chair Mary Schapiro?
I strongly encourage readers to save this commentary as POGO provides links to a wealth of amazing stories and investigations. THANK YOU POGO for performing a national public service in opening the windows into the SEC.
POGO writes, These Are the Investigative Reports the SEC Doesn’t Want You to See,
Previously unpublished investigative reports exposing a wide range of serious misconduct at the Securities and Exchange Commission (SEC) are now available on the Project On Government Oversight’s (POGO) website.
A full twenty reports produced over the last three years and not previously released on the SEC’s or SEC/OIG (Office of Inspector General) websites are linked here. Insider trading, perjury, breach of ethics, misuse of resources, and so much more. Little wonder the SEC accomplished so little during this period.
POGO obtained many of the investigative reports by the SEC Office of Inspector General (OIG) through the Freedom of Information Act (FOIA) and from other sources. While some investigations were previously reported by the media and congressional offices, most are nowhere to be found on the websites of the SEC or OIG.
The previously unposted reports include investigations into retaliation against SEC whistleblowers, the agency’s failure to vigorously regulate Bear Stearns, conflicts of interest, and insider trading by SEC employees. POGO previously raised concerns about the SEC ignoring recommendations made in the OIG’s reports.
“The public has a great interest in knowing what is in these reports,” said Michael Smallberg, a POGO investigator who compiled the database. “The SEC should hold itself accountable and that means embracing transparency even when it might embarrass or bring negative attention to you.”
More information on the SEC OIG’s investigative reports can be found on POGO’s blog: Unposted Inspector General Reports Showcase SEC Misconduct, January 20, 2010
Founded in 1981, the Project On Government Oversight (POGO) is a nonpartisan independent watchdog that champions good government reforms. POGO’s investigations into corruption, misconduct, and conflicts of interest achieve a more effective, accountable, open, and ethical federal government.
POGO: "Reports the SEC Doesn't Want You to See"
Tuesday, January 25, 2011
POGO GAMES, POGO SCRABBLE: "Reports the SEC Doesn't Want You to See"
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